Hoga.pl gearing up to debut on WSE, issuing some 4 million shares

Domestic portal Hoga.pl is looking to debut on the stock market as early as the beginning of the second quarter of this year. The company's issue prospectus, submitted to the Securities and Exchange Commission (KPWiG) on 21 Dec, 2000, states that some 4 million shares will be floated. Money generated through the issue will be used to finance further portal development, advertising and promotion, expanding its Internet services and B2B platform. Hoga.pl forecasts that 50% of the company's sales income will originate from its Internet services and the B2B platform. The management said that potential investors would receive a large discount during the offering. (Prawo i Gospodarka, p. 14, Puls Biznesu, p. 8) M.T.