Wirtualna Polska IPO approaching – sources

Web portals group Wirtualna Polska has launched work on its initial public offering, according to sources quoted by Puls Biznesu. Private equity fund Innova Capital is said to be selling part of its stake in the firm. The sources claim that the IPO could take place in the first half of 2015. The seller has also chosen Unicredito as one of the advisors, they said. “We will follow the public market and we will consider an IPO if stock markets are in a good condition and Wirtualna Polska demonstrates good results,” Krzysztof Krawczyk, managing partner at Innova Capital, told the daily. “For now, the plan is still to float the company in the midpoint of our investment horizon, that is in 2016-2017,” he added.