GetBack sets IPO price at PLN 18.5 per share

WSE-bound debt collector GetBack has set its IPO price at PLN 18.5 apiece, despite earlier reports saying that the price would reach PLN 20. This is the minimum price set in the company’s IPO prospectus and values the offer at PLN 740 million. It’s lower than GetBack original plan to take PLN 400-500 million from the new share issuance. The IPO will include up to 40 million shares, with half of them being a new issue, and another half will be offered by a single investor. Institutional investors will get 37 million shares, while individual ones 3 million. The market debut is expected on July 17.