Factoring in success
The company is putting 2.4 million shares on offer, including 2 million new-issue G shares, along with 400,000 F shares, which will be sold by the company's current shareholders Bonum, Polmetal and Stabilo Grup. Together, the shares amount to 48.5 percent of the company.
The issue price of its G-series shares and the sale price of the F-series shares was set at zł.18.00 per share. Earlier, the company had announced its G shares would cost between zł.18.50 and zł.22 per share.
Eurofaktor wants to raise zł.48.3 from the initial public offering, which it will use to develop its core business. The company believes the investment could push it from Poland's fifth placed factoring company into a top three position within the next few years.
The firm is capitalizing on an exploding Polish factoring market, growing at a rate of 20 percent yearly (compared to 5-10 percent worldwide), with an estimated zł.18 billion in turnover this year. That's a 50 percent year on year increase.
(A.K., ISB, Interfax)
The issue price of its G-series shares and the sale price of the F-series shares was set at zł.18.00 per share. Earlier, the company had announced its G shares would cost between zł.18.50 and zł.22 per share.
Eurofaktor wants to raise zł.48.3 from the initial public offering, which it will use to develop its core business. The company believes the investment could push it from Poland's fifth placed factoring company into a top three position within the next few years.
The firm is capitalizing on an exploding Polish factoring market, growing at a rate of 20 percent yearly (compared to 5-10 percent worldwide), with an estimated zł.18 billion in turnover this year. That's a 50 percent year on year increase.
(A.K., ISB, Interfax)
