Impel unveils full details of its upcoming IPO

Impel, a Wrocław-based leading security and cleaning services company, has announced the details of its upcoming Initial Public Offering on the Warsaw Stock Exchange. The offer will encompass 6 million shares, of which 500,000 will be aimed at individual customers, while the remaining will be sold to institutions. The company plans to raise between zł. 120-180 million. "The debut is planned for October 16," said Paweł Tamborski the deputy president of CA IB, which will offer the shares. Company representatives announced pl ans to devote between zł. 70-100 million for acquisitions and international expansion. Applications for share purchases will be accepted from October 1, with a 30% stake of the company's capital up for grabs. The share controlled by the current shareholders is to fall to 67%, while the remaining 3% is to be transferred to the company's employees as part of a motivation program. The share price is to be announced on October 8. (Puls Biznesu, p. 9; Parki et, p. 3) A.K.