Atal plans IPO in Q1 2015

Property developer Atal would like to debut on the Warsaw Stock Exchange in the first quarter of 2015, the company said in a statement on Friday. It has already submitted its issue prospectus to the Financial Supervision Authority. Atal will offer up to 6.5 million newly issued shares in the initial public offering. “The funds raised from the capital market, which are an alternative to bank loans, will be spent on the purchase of attractive land and on the carrying out of selected development projects,” said Atal’s CEO Zbigniew Juroszek.