IT competition steps up stock exchange debuts

Pronox Technology, a Katowice-based distributor of IT equipment, is looking to submit an issue prospectus at the beginning of November, with a view to generating zł.20-25 million from public offer. If successful, the company wants to spend its gains on building a new production plant and further developing its own brands. The revenues of Pronox in 2005 amounted to zł.402.8 million and net profit to zł.6.9 million. In October NTT System, one of the biggest Polish computer producers, is expected to finish work on its own issue prospectus, with the value of its share issue to total zł. 20 million. The money earned will be spent on launching its own production line, thanks to which the company will be able to produce about 400,000 computers per year. NTT also wants to invest in online sale systems. New shareholders will control about 10% of NTT's capital while the remaining 90% will rest with the current owners. (Parkiet, September 30 - October 1, p.6) M.M.