CDRL sets share price in IPO

CDRL, the owner of children’s clothing brand Cocodrillo, has set its IPO share price at PLN 14.90 apiece, the company said in a statement on Thursday. This puts the value of the offer at PLN 14.9 million. The company will issue 1 million shares for the purpose of the IPO, 920,000 of which will be offered to institutional investors. Subscriptions in the IPO started on Thursday. The company said that it hoped to debut on the Warsaw Stock Exchange before the end of October.