Games incubator PlayWay to debut on WSE
15:23
PlayWay will debut on the main market of the Warsaw Stock Exchange (WSE) on Wednesday, October 19, the company announced.
As part of its IPO, PlayWay has allotted 1.2 million shares for investors, including 0.6 million new shares plus 0.6 million shares sold by current shareholders of the company. Subscriptions submitted by individual investors have gone down by 77.23 percent. The price of shares in the IPO has been set at PLN 52.
The company has raised around PLN 31 million. The funds will be used for marketing and promotion of new products, investment in projects of subsidiaries, repurchases of shares in subsidiaries, and investments in projects of existing teams within the PlayWay Group.
PlayWay is an incubator of development teams that create computer and mobile games based on their own ideas as well as ideas developed at the company's headquarters.
