Poland's largest non-banking factoring company, Eurofaktor, has completed subscriptions for its Warsaw Stock Exchange debut, set to take place within the next fortnight.
The company is putting 2.4 million shares on offer, including 2 million new-issue G shares, along with 400,000 F shares, which will be sold by the company's current shareholders Bonum, Polmetal and Stabilo Grup. Together, the shares amount to 48.5 per cent of the company.
The issue price of its G-series shares and the sale price of the F-series shares was set at zl.18.00 per share. Earlier, the company had announced its G shares would cost between zl.18.50 and zl.22 per share.
Eurofaktor wants to raise zl.48.3 from the initial public offering, which it will use to develop its core business. The company believes the investment could push it from Poland's fifth-placed factoring company into a top three position within the next few years.
