Polish Retailer’s $1.7 Billion IPO Quickly Finds Demand (2)

Investors led by private equity fund CVC Capital Partners Plc seek to raise as much as 6.45 billion zloty ($1.67 billion) in an initial public offering of Poland’s Zabka Group SA, Europe’s largest chain of convenience stores.

Less than an hour into the book-building process on Tuesday, demand for Zabka shares already exceeded the deal size and books were covered throughout price range, according to the terms seen by Bloomberg. Shareholders in the 7-Eleven-styled chain are offering 300 million shares, or a 30% stake, the prospectus showed.

Warsaw’s biggest planned listing in four years comes as Europe’s equity capital ...