Manta Multimedia working on IPO prospectus
Electronic appliances maker and distributor Manta Multimedia is preparing an IPO prospectus and plans to submit it to the Financial Supervision Authority in late Q2 or early Q3 2014, the company’s CEO and owner Bogdan Wiciński told ISBnews.
It is likely that Manta may debut on the Warsaw Stock Exchange before the end of 2014, the CEO said. It will be accompanied by a PLN 30 million share issue.
Wiciński added that the IPO proceeds will be spent on working capital, sales development and expanding to new markets. There are no acquisition plans at the moment.
