Nextbike plans IPO in August

Public bike sharing operator Nextbike Polska said that it hopes to be listed on the small-cap, alternative NewConnect market by the end of August pending the regulatory approval. Back in June, the company signed deals with investors to sell 51,000 C shares of the company for PLN 6 million. This would value the company at PLN 126 million. Nextbike Polska, a subsidiary of Nextbike, has an 80 percent market share in Poland and operates in 26 Polish cities, and over 1 million users.