Danwood plans IPO in H1

Prefabricated houses producer Danwood submitted an issue prospectus to Financial Supervision Authority KNF and plans an IPO in H1 2018. The listing will include existing shares owned by the company’s sole shareholder investment fund Enterprise Investors. The final decision on the IPO and its timetable will depend on market conditions. Danwood sells turnkey, prefabricated wooden houses. In 2017 it sold over 1,200 homes (22 percent y/y increase) and had PLN 840 million revenues (25 percent y/y increase). The German market accounts for some 90% of the total revenues, the company is also present in Austria, the UK, and Switzerland.