R22 sets IPO price at PLN 17.5

IT and telecom group R22 set its IPO price at PLN 17.5 and will sell 5.2 million shares, including 1.7 million existing ones. Only 250k shares will be sold to retail investors with the remainder being offered to institutional ones. The maximum price in the IPO was set at PLN 23 apiece. “The strategy of the R22 Group assumes further organic growth and acquisitions in the hosting and omnichannel communication segments. The next acquisitions, for which we will allocate funds from the issue of shares, will strengthen our market position in the country of the company,”- said Jakub Dwernicki, the president and founder and one of the main shareholders of R22. Subscription has already started and will run till December 19. R22 plans to debut on the WSE on December 29.