Analysts optimistic about Cinema City IPO

Cinema City and Imax cinemas operator earmarked 2 million shares for minor investors. Larger investors will be able to subscribe for 8 million shares. Apart from the new issue, the existing 4.95 million shares can also be added to the public offer. According to analysts, it is a favorable time for the offer because of the boom on the primary market and the success of the TVN offer. "I expect that CCI's offer will be a success. The issue price may reach the top level of about zł.17-18," said Piotr Wiśniewski, DM AmerBrokers analyst. On Friday, the company increased its EBIDTA and net profit projections. The group now expects to close the year with an EBIDTA of EUR 21.5 million and a net profit of EUR 6.5 million. (Parkiet, p. 5) A.F.