Uniwheels to launch IPO in
11:04
Germany's alloy wheels manufacturer Uniwheels is planning to conduct IPO in the second quarter of 2015 and will apply for listing its shares at the Warsaw Stock Exchange, the firm informed.
The offer will include up to 2,4 million of newly issued shares and up to 2.4 million of shares being sold by the only company's shareholder, Uniwheels Holding (Malta), the press release reads.
The public offer will be targeted towards retail and institutional investors in Poland and the private offer will be targeted towards institutional investors outside the US (excluding Poland). The will be no public offer outside Poland, the press release also reads.
IPO is planned for the Q2, but it will be up to "circumstances in the market."