GetBack sets max price in IPO at PLN 27 per share

Debt collector GetBack set its max share price at PLN 27, which puts the value of the IPO at PLN 1.08 billion. The company will offer up to 40 million shares, including 20 million new ones. The company said that it hopes to raise PLN 400-500 million from the new share issue. The company also said that it wants to become the biggest in its sector by 2019. “We want to become the leader by the end of 2019 in terms of assets, debt collection or in terms of client count,” GetBack CEO Konrad Kąkolewski said. At end-2016, the company had PLN 19.4 billion assets under its management, making it the second biggest debt collector in Poland. Bookbuilding for the institutional tranche will run till July 4.