Diverse on WSE in Q2

Etos, the owner of Diverse, a clothing store network, is going to launch a public offering and debut on the Warsaw Stock Exchange in the second quarter, the ISBnews agency reported, citing a press release. "The public offering is planned for the second quarter, however the deadline will be dependent on the situation on the capital market," the press release reads. The IPO will include up to 50 percent of existing shares,  the agency also informed. The main shareholder of Etos's is Abris, a private equity fund. Diverse includes 275 stores. The company recorded revenue of PLN 258 million and net profits of PLN 18.7 million in 2014.