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Komputronik, a distributor of computer equipment, software and consumer electronics, has had its issue prospectus authorized by the Polish Financial Supervision Authority. The firm plans to issue 21.5 percent of its shares and expects to take around zł.48 million from the floor.

The IPO will take place in July and will enable the company to invest in development and takeovers in the coming years. By the end of 2008, Komputronik expects to spend zł.7 million to open and equip 30 new shops. "So far this year we have opened five outlets, and at the moment we have signed eight agreements [to build stores]," says Wojciech Buczkowski, the president of Komputronik's management board. Currently, the company has 133 outlets - 20 of which it operates independently - and 2007 will bring the company a total of 15 new outlets, located mainly in shopping malls.

In addition to new outlets, the company plans to devote zł.4.5-6 million to the development of its online store with a view to extending its offer and launching e-sales in other CEE countries.

Another priority is takeovers, on which the company plans to spend a total of zł.18.3 million. The acquisition of IT-sector news portal www.benchmark.pl, will most probably be completed by the end of the year, and another takeover, of an as-yet-unnamed firm from the customer-service sector, will follow. Other planned investments include zł.7.7 million on a new warehouse and up to zł.9 million for logistics.

Komputronik, which saw zł.8.6 million in net profit in 2006, expects to have zł.11.7 million in 2007 and up to 19.3 million in 2008.