The WSE Management Board has authorized the issue of Passus’ shares on the NewConnect market, the company said. The date of the stock exchange debut is planned for July 17, 2018. The company wants to allocate funds acquired on the stock exchange to the development of a system for automating the test of web application performance and the development of new products.
Passus will introduce 71,400 series B ordinary bearer shares, 63,400 series D ordinary bearer shares, and 248,300 series F ordinary bearer shares on the NewConnect market. The nominal value of each share in all three series is PLN 0.1 each.
Passus is the leader of the Polish APM / NPM (Application / Network Performance Management) market. More than 300 of the largest Polish companies and institutions use Passus services.