Subscription has begun for those hungry for Sfinks

The company's issue prospectus was accepted by the Securities and Stock Exchange Commission just a day earlier. Company representatives confirmed that they have been considering postponing this decision due to the current poor situation on the Warsaw bourse. The Łódź-based company will offer its investors 500,000 new shares at a price of zł.23-28 each. Moreover, one of the funds controlled by Enterprise Investors will sell its 2.78 million Sfinks shares. Therefore, 35% of Sfinks' capital will be floated. The restaurant operator hopes to raise between zł.9.2 million and zł.14 million from the issue. The raised funds are to be used to fuel further development, as the company plans to open between 20-26 new restaurants annually between this year and 2008. (Puls Biznesu, p. 12) A.K.