Brand24 mulls move to WSE main index

Listed on the small-cap, alternative NewConnect market, Brand24 does not rule out the move to the WSE main index next year, said CEO Michał Sadkowski. “Specific decisions have not yet been made. The move will not be followed by new share issues and we see it as a nod to existing shareholders in order to improve the liquidity of trading,” he explained. In Q1, the company had PLN 2.4 million in revenues (51 percent y/y growth) and increased its number of customers by 50 percent, as well as PLN 0.35 million loss, mostly due to intensive investing. Brand24 owns a web-based content monitoring tool that allows companies to track messages, build relationships, and acquire customers globally. Its clients include IKEA and H&M, as well as Melania Trump.