Maxcom launches bookbuilding process

WSE-bound phone producer Maxcom will sell up to 660k new shares and 204k existing ones in the upcoming IPO, the company revealed, this represents a 32 percent stake. The share price will be capped at PLN 72, which will make the offer worth up to PLN 62.2 million. The book building process started on June 5 and will run till June 13, and plans to have its IPO on June 30. Maxcom is currently controlled by Arkadiusz and Andrzej Wilusz, who own 100 percent of the shares. The company plans to use the funds from the floatation to expand its product portfolio and seek out new clients, as well as expanding its international trade network. Maxcom specializes in traditional phones targeted to older and less tech-savvy customers. It also sells fixed-line phones, GPS systems and shortwave transmitters. Its products are sold in 20 European countries.