Dino plans IPO in 2017

Polish retail chain Dino will debut next year, according to Reuters. "We plan to debut on the Warsaw bourse in the first half of 2017," said Szymon Piduch, the company’s CEO. “This is a good moment for an IPO. The scale of the company’s development is the argument,” he added, claiming that this could be the biggest IPO on the Warsaw bourse in years. The offer will include only existing shares owned by Enterprise Investors (49 percent of the company’s shares), which bought its stake in Dino in 2010 for PLN 200 million. The company's founder and owner of the remaining 51 percent, Tomasz Biernacki, will keep his stake. Dino has 608 stores mostly in Western Poland. In 2015 it had revenues of PLN 2.6 billion  and PLN 201 million EBITDA.