Uniwheels to launch IPO in Q2 to fund third production plant in Poland

German alloy wheel manufacturer Uniwheels is planning to conduct an 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 shares being sold by the company's only 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). There will be no public offer outside Poland, the press release also reads. "The company is going to c0mmit the funds obtained through the IPO to partially finance the construction of a new production plant in Poland," Uniwheels, which has two factories in Stalowa Wola informed. IPO is planned for Q2, but it will be up to the "circumstances on the market."