Etos to debut on WSE in May

Etos, owner of the fashion brand Diverse, has issued a prospectus and has begun a public offer of 13.513 million shares, accounting for 50 percent of the firm's seed capital. The company's debut is scheduled for May 22. The maximum price will be published in a supplement to the prospectus, once it is approved by the KNF financial watchdog. The final selling price will be announced on May 8. The company also said that it plans to expand its retail space to 48,000 sqm in 2015 and to 80,000 sqm in 2019. Etos is a fashion retailer. It runs the Diverse chain of stores, which has been present on the Polish market since 1993.