KNF approves GetBack prospectus

Financial Supervision Authority (KNF) approved the IPO prospectus of the debt collector GetBack. GetBack plans IPO for Q2, or Q3 this year, the company previously said. The IPO will include up to 40 million shares, with half of them being a new issue, and another half will be offered by a single investor. The company currently has 80 million shares in total, owned by a private equity consortium led by Abris Capital Partners, who acquired the company last year for PLN 825 million. In 2016, GetBack had PLN 422 million net profit.