Silvair 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 on the Warsaw Stock Exchange (WSE), the company said. The acquired funds will be used, among others, to construct distribution channels for products with global market potential. "The date of the offering 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 Kraków, which employs about 70 people.