Śnieżka's latest share issue proves to be a massive hit

The Dębica-based company raised around zł. 46 million, excluding underwriter fees, from 2.1 million shares valued at zł. 22 each. Śnieżka intended to sell 100,000 shares to private investors, but due to the high demand it ended up adding another 200,000 that were initially allocated to institutional investors. Despite the last minute change, private investors only received six out of every 100 shares. At the same time, Śnieżka is not neglecting overseas expansion. "We are thinking of purchasing a paint distributor in Moldavia and a paint producer in Russia," said Śnieżka's financial director Witold Waśko. (Parkiet, p. 6) A.Z.