Atal to debut on WSE in autumn

Property developer Atal maintains its plan to debut on the Warsaw Stock Exchange main market this autumn, the company’s founder and CEO Zbigniew Juroszek told ISBnews. The firm’s IPO prospectus should be sent to financial watchdog KNF at the end of August. “We plan to issue new shares with the aim of increasing our market power,” Juroszek said. Raiffeisen Bank Polska was hired to manage the offering. The bank carried out Atal’s earlier bond issue’s on the WSE’s Catalyst market. The CEO also said that Atal would soon launch a residential project in Kraków, at lake Bagry, and a project in Warsaw’s Wilanów district will be launched in September.