TenderHut plans IPO for 2019

IT company TenderHut plans to debut on the WSE in the spring of 2019, the company said in a statement. The company first plans to issue bonds, followed by the share issue. “"hanks to the capital raised from the stock exchange, TenderHut's management wants to increase the scale of growth of the entire capital group. The group is planning to acquire additional IT entities operating in the local market in Białystok and Olsztyn,” the company said in a market filing. “I believe that the group will reach a capitalization level of PLN 65 million within a short period of time,” said Krzysztof Kuper, director of the corporate advisory department at Polish Brokerage House, quoted in the statement. TenderHut has branches in Denmark, Sweden, Germany, Great Britain and Switzerland, and has plans to open offices, among others. In New York, Ireland, France and the Netherlands. At the end of 2016, the group had almost PLN 9 million in consolidated revenue.