Stem Cell Bank to offer 1.2 mln shares

Polish stem cell bank PBKM will offer 1.2 million shares valued at PLN 47 per share in its upcoming IPO, the company said in a statement. As many as 1.06 mln share will go to institutional investors. An offer is planned for the first half of 2016, but the final decision on the date will depend on the situation on the market, a company press release read. Previously, the company said it expected to debut on the WSE around April 28. In 2015, Polish Stem Cell Bank reported sales revenue of PLN 105 million, EBITDA of PLN 27 million and net profits of PLN 18 million.