Vabun mulls NewConnect IPO

Perfume producer and retailer Vabun is planning to file an IPO prospectus this fall and hopes to be listed on the small-cap, alternative NewConnect market. The company, co-founded by former Polish goalkeeper and celebrity Radosław Majdan wants to use the proceeds from the issue to expand its portfolio and marketing activities. “Since the company has been founded three years ago, it had partnership deals with Drogerie Polska, Dayli, and GoSport retail chains. Currently, the biggest buyers of our products include Jeronimo Martins and Pako Lorente men’s fashion chain. The company is also starting its foreign expansion with the first footholds in Germany, Czechia, and Asia,” the company said in a market filing.