Wratislavia-Bio to launch IPO next year

Wratislavia-Bio is going to hold an initial public offering (IPO) in 2016 and estimates it will obtain around PLN 100 million, said its CEO, Grzegorz Ślak in his interview for Rzeczpospolita daily. "We want to gain about PLN 100 million from the public offering. We want to commit the money to construct a technological line designed to manufacture stearates, a product that replaces detergents," Ślak informed. He added that the IPO may be launched within one year. The company recorded roughly PLN 390 million of revenue and PLN 28.7 million of net profits in 2014. Wratislavia-Bio is Polish manufacturer of fatty acid methyl esters as well as raw and pharmaceutical glycerol.