Multimedia cancels IPO plans
Cable TV provider Multimedia Polska decided not to move forward with its IPO plans because of lack of demand for its shares in the bookbuilding process. The company offered 49.2 percent of its stock for PLN 21 maximum price apiece, which would value the offer at PLN 948 million.
Multimedia is one of Poland's third biggest cable operator with some 825,000 clients. In 2013 the group generated a PLN 70.7 million net profit.
The firm was previously listed on Warsaw Stock Exchange from 2006 to 2011.
