CC Rokita raises PLN 98.3 mln in IPO
22:34
Chemicals PCC Rokita, sold nearly 3 million shares during its IPO on Monday. With each share pried at PLN 33, the company raised PLN 98.27 million.
The company allotted 2,531,296 shares in the institutional tranche and 446,699 shares in the retail tranche, the filing showed.
The funds from the IPO will be used to increase its production capacity of polyols and polyurethanes and on R&D.
The means obtained through the issue will enable us to extend the research-development facility and increase the scale of activity of R&D. Thanks to the obtained capital we will be able to purchase laboratory equipment, increase employment level, take advantage of advisors and research institutes. We will extend our offer by new specialist products thanks to which we will be able to start expansion in the new markets and we will increase our operating profitability – said Wiesław Klimkowski, president of the company’s management board.
