Profi Credit prepares ground for IPO

The Czech non-banking lender Profi Credit is mulling holding an initial public offering (IPO) in Poland, with a minimum estimated value of PLN 100 million, Puls Biznesu daily reported. "In 2014, we went through restructurization. ... The nominal value of our portfolio amounted to PLN 152 million. The main business was transformed into a joint-stock company and we have started a strategic project of pre-IPO arrangements," Jarosław Chęciński, the deputy CEO of Profi Credit. "The issue should be worth over PLN 100 million. I did not specify an upper limit," Chęciński pointed out. David Beran, who controls the firm, is the eight wealthiest Czech, his business has been present in Poland for eight years.