InPost kicks off IPO

Polish mail and parcel company Integer.pl is launching book-building today, it is planning to float up to 50 percent of shares at InPost minus one share. The maximum price will be announced later today.  The book-building will last until September 24. On September 16 the company will run individual subscriptions for 5.78 million shares. Integer.pl aims to raise up to PLN 150 million, Reuters reported earlier. The money is earmarked for the development of Integer's startup firm, EasyPack which pioneers in the operation of parcel locker terminals.