Lokum Deweloper to enter WSE on December 15

Real estate developer Lokum Deweloper will debut on the Warsaw Stock Exchange on Tuesday, December 15. Currently, the company is carrying out a bonds issue. The initial public offering (IPO) amounted to 3 million shares, worth PLN 12 a piece, thus the company raised PLN 36 million. As much as 90 percent of the subscriptions were allocated to institutional investors. 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.