Locked content R22 plans to increase number of acquisitions

IT and telecom group R22 actively considers acquisitions and hopes to increase their number in 2018/19 compared to a year ago.  In the fiscal year 2017/18, R22 had four acquisitions on the hosting market. In the current year, it has finalized two (Romanian Gazduire and Appchance) and agreed on acqui...

Locked content R22 buys Romanian firm. Plans 30% market share on the local market

WSE-listed IT firm IT acquired Romanian Gazduire Web for €1.1 million and plans to reach 30 percent share of the local market, the company’s CEO Jakub Dwernicki said. “We chose the Romanian market as it is a very growing market. It’s easy to predict what will happen on the local hosting market...

Locked content R22 buys Kei.pl for PLN 22 mln

IT and telecom group R22, which debuts on the WSE this Friday, has bought a full stake in hosting company Kei.pl for PLN 22 million, the company said in a market filing. The acquisition will be financed with funds from the IPO from which the company raised more than PLN 61 million. A subsidiary of&#...

Locked content R22 sets IPO price at PLN 17.5

IT and telecom group R22 set its IPO price at PLN 17.5 and will sell 5.2 million shares, including 1.7 million existing ones. Only 250k shares will be sold to retail investors with the remainder being offered to institutional ones. The maximum price in the IPO was set at PLN 23 apiece. “The strategy...

Locked content R22 sets maximum IPO price at PLN 23 per share

Internet hosting and web domain provider R22 set the maximum price in its IPO at PLN 23 apiece and will offer up to 3.5 million new issue shares along with up to 1.7 million shares sold by current shareholders, the company said in the issue prospectus. The company hopes to raise PLN 80 million from&...

Locked content R22 files IPO prospectus

Software group R22 has filed an IPO prospectus to the Financial Supervision Authority (KNF) and hopes to debut on the Warsaw Stock Exchange by the end of this year. “The last few years have been very good for R22, both in terms of expansion through acquisitions and earnings growth. We will continue ...