Skarbiec Holding launches IPO worth up to PLN 139 million

Investment Skarbiec Holding has started the book-building process among institutional investors for its IPO comprising 3,160,000 existing A-series shares. The maximum price has been set at PLN 44, which would bring the company PLN 139 million from the IPO, the company said in its prospectus. Individual investors will be able to subscribe between October 27 and November 3. The issue price will be set by November 5. Institutional investors will be able to subscribe between November 5 and November 7. The vice president of Skarbiec TFI, a subsidiary of Skarbiec Holding, said that the investment fund market could grow at a rate of 10-15 percent over the next few years. The growth will be fueled by the low interest rates.