Parkiet reported that Bogdanka, a coal mining company, has announced that it will float its workers' shares on the Warsaw Stock Exchange on Wednesday,

According to analysts, these 3.2 million shares, which account for more than 10% of the firm's capital, could be a hit among investors. Even if the company releases all the shares at once, it is expected there will be a line of willing buyers.

Many analysts believe that Bogdanka will double its profits in 2012.

The number of Bogdanka shares that will be traded after the introduction of the new securities is 33.96 million.

At closing time last Friday Bogdanka's share price stood at PLN 103.9 as compared to PLN 48 in June 2009, at the company's debut.

(Sourced from wbj.pl)