Madkom to move to WSE in 2018

NewConnect-listed IT company Madkom wants to raise PLN 2 million in non-public issue and to move to the WSE main-market in 2018, said Grzegorz Szczechowiak, CEO of the company at a press conference. "The decision to conduct the issue is motivated by the need to accelerate growth. Our clients will receive EU subsidies and we want to be prepared for that," he added. Szczechowiak said that the company might be ready to debut on the WSE main floor in 2018, however, as of now, it is focusing on realizing its strategy to grow by 20 percent per year.