Betacom makes a blindingly successful IPO

The price of Warsaw-based company's shares rose some 25% during the first session. "This result is hardly surprising, given that demand for the shares was much higher than those available," said analysts. The company planned to utilize the zł.12.6 million it has raised to develop software and expand its range of products. "The status of being a publicly listed company is already beginning to be felt, as we acquired several major contracts. We want to maintain our pace of development," declared Betacom's president Mirosław Załęcki. (Puls Biznesu, p. 11) M