WB Electronics mulls IPO

WB Electronics is considering entering the main market on the WSE through an IPO process. The decision will be made before the end of the year, said Piotr Wojciechowski, CEO of the company.  The volume of the offer is yet to be set, however, the main shareholders are reluctant to lose control over the company, Wojciechowski added. "Rapid development may generate a need for capital," he said. "With regard to the army modernization program, investors may expect significant increases in the company's revenues and profits." The company has issued PLN 80 million worth of bonds, which debuted on the Catalyst on Monday.

WB Electronics one of the leading companies of the Polish defense industry - it is based in Ożarów Mazowiecki.