Vercom successfully debuts on WSE

The shares of Vercom, a dynamically growing technology company providing cloud solutions in the CPaaS (Communication Platform-as-a-Service) model, debuted on the main market of the Warsaw Stock Exchange. In April, the company carried out a Public Offering with a total value of PLN 225 million. The share price at the debut was PLN 53.99, which means an increase of nearly 20 percent compared to the price from the offer. 

“We are pleased with the successful debut and the first quotation of our shares. For us, it is a breakthrough moment and the next stage of Vercom's development. Thanks to the funds obtained from the IPO, we will be able to grow even more dynamically and become the leader of CPaaS solutions in the CEE region. Once again, we would like to thank all shareholders for their trust, we believe that together we will build further value for Vercom,” Krzysztof Szyszka, president of the board of Vercom, commented.

The value of the entire Vercom Offer amounted to PLN 225 million, and the Company obtained PLN 180 million, which it will allocate entirely for acquisitions. The target is single-channel entities from the CEE region, distinguished by a significant customer base and internationalization. In the retail tranche, investors placed a total of approx. 5,900 subscriptions for 7.9 million shares, as a result of which the average reduction rate was approximately 92.4 percent.

(WBJ)