Poland is planning to raise about $1.94 billion through an initial public offering (IPO) of Jastrzebska Spolka Weglowa (JSW), Bloomberg reports. Individual investors will be allowed to bid for a maximum of 75 shares in the coking-coal producer.

The government and JSW will not sell anymore shares for 360 days after the IPO. The Polish government is aiming to raise $5.4 billion from asset sales in 2011 to help finance budget deficit and curb debt.