Eurofaktor, Poland's biggest non-banking factoring company, was one of six new companies to enter the Warsaw Stock Exchange on Friday.
The company will make its debut on the Warsaw stock market later this year and wants to acquire at least ZL50m from the initial public offering (IPO).
The money from the share issue will serve to broaden the scope of the company's activity. The prospectus is to be published on 9 November.
Eurofaktor intends to issue 2 million G-series shares, then an additional issue of 400,000 F-series shares will be conducted by the company's current shareholders.
Most of the shares will be aimed at financial investors. In the first half of this year, Eurofaktor had a profit of more than ZL2m, a result which is expected to at least be doubled by the end of the 2004.
Source: Polish News Bulletin
