Lokum Deweloper sets maximum share price

Real estate developer Lokum Deweloper has set a maximum price per a share at PLN 20, the offer totals up to 5 million pieces, the company informed. Lokum is planning to enter the Warsaw bourse in the first half of November, a company press release read. Subscriptions will be launched on October 12 and will last seven days. "The company will be boosted with some PLN 97 million, which will allow it to expand into new markets," CEO, Bartosz Kuźniar said at a press conference on Wednesday. Last year, the company issued bonds worth PLN 30 million. The real estate developer aims to enter Kraków later this year or early next year, and will come to Warsaw shortly after. The firm's pre-sale amounted to 355 units. Lokum's net profits totaled PLN 26 million in 2014.