Maxcom mulls IPO

Phone manufacturer and distributor Maxcom has filed a prospectus to the financial market regulator KNF ahead of the planned IPO, company announced. “This is the next step to strengthen our position, not only in Poland but in other European countries as well. Were sure that our IPO and resources we will get from it will help us develop further. The final decision regarding IPO and its potential timeline will depend on the market conditions,” company's CEO Arkadiusz Wilusz said. 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. This is not company's first attempt to be listed on the Warsaw Stock Exchange. Back in 2012, Maxcom planned to be listed on the small cap, alternative NewConnect market.