Integer.pl raises PLN 120 mln

Polish private postal and parcel firm InPost set its Initial Public Offering (IPO) price at PLN 25 per share and its main shareholder Integer.pl sold shares valued at PLN 121 million, the company informed. InPost is to enter the Warsaw bourse on October 9. The IPO consisted of 4.85 million existing shares that amounted to 42 percent of the firm's capital. Earlier, the media reported that Integer.pl aimed to raise up to PLN 150 million. Institutional investors, among which was European Bank for Reconstruction and Development (EBRD), subscribed for almost 83 percent of shares.