Decorating firm hopes to be sitting pretty after bourse debut in early June
The Środa Wielkopolska-based company plans to collect EUR 2.5 million from the floor, which would be set aside for repaying the loan taken out to purchase two competitors, and increasing working capital. It is not known how much would be designated for the latter purpose. "This depends on the value of acquired funds," said Artur Hibner, financial director of Decora. The company hopes to attract long-term investors and will tempt them with the growing value of the firm. "Dividend is a secondary issue for us. We have other means of providing value to shareholders. It all depends on the financial standing," said Hibner. After the share issue new shareholders would control 25% of the total capital of the company. If the IPO is not successful, the company claims that it will also develop without these funds. (Puls Biznesu, pp. 1, 11) M.M.