Silvair Inc. plans to issue new shares under IPO

Silvair Inc., a company offering solutions in the field of IoT (Internet of Things) plans to issue new shares and to debut with them on the Warsaw Stock Exchange (WSE), the company said. The acquired funds will be used, among others for the construction of distribution channels for products with global market potential. "The date of the offer will depend, among others, on market conditions and obtaining all necessary consents of the supervisory authorities," the company said.  Dom Maklerski Trigon will act as a global coordinator of the offering. Silvair is an American company with Polish roots. It has an office in Krakow, which employs about 70 people.