The Yachting Club mulls NewConnect IPO

Yachting charter company The Yachting Club, plans IPO on the small-cap, alternative, NewConnect market. For this purpose, the company signed an agreement with WSE-listed financial advisory INC which will prep the company for the potential floatation which is planned for Q3, 2018. “The Yachting Club's primary area of interest is sailing catamaran chartering in the Adriatic, especially in Croatia, with seven catamarans from the prestigious Lagoon brand, and 12 other vessels in the company’s portfolio. Starting from December, the Yachting Club will also charter yachts from its newly prepared Caribbean base in Grenada. The company's strategic objective is to become one of the major European companies in its sector by 2020,” the company said in a statement. The Yachting Club plans to raise PLN 2 million from the issue and spend the funds on leasing new catamarans and expanding its Granada base, as well as entering the Greek market.