Travelplanet's mighty maiden voyage
Travelplanet's shares hit zł.22.40, over 24 percent more than the zł.18 issuing price, on their debut day. "We are very positively surprised by such a great debut. The analysts considered Travelplanet.pl's shares a risky investment but it is exactly such investments that give the best opportunity to make a great profit," said Tomasz Moroz, Travelplanet's deputy CEO.
Before the IPO, Travelplanet's capital was divided into 1,775,370 shares with MCI Management fund controlling a 65.4 percent share. The subscription process was closed in June. Thanks to the IPO, Travelplanet.pl obtained funds for the development of a traditional customer-service network located in shopping centers around the country.
So far, only two such points of sale have been opened but the owners are aiming at 20-25 within the next two years. The rest of the money is going to be ploughed into marketing and company development.
Before the IPO, Travelplanet's capital was divided into 1,775,370 shares with MCI Management fund controlling a 65.4 percent share. The subscription process was closed in June. Thanks to the IPO, Travelplanet.pl obtained funds for the development of a traditional customer-service network located in shopping centers around the country.
So far, only two such points of sale have been opened but the owners are aiming at 20-25 within the next two years. The rest of the money is going to be ploughed into marketing and company development.
