ZM Mysław prepares IPO

Meat processing firm ZM Mysław, which debuted on the NewConnect market in July this year, plans to raise up to PLN 18 million in an IPO on the main market of the Warsaw Stock Exchange, the company said in a statement on Tuesday. The company will file its issue prospectus to the Financial Supervision Authority before the end of September. ZM Mysław has decided to issue 5.3 million shares in an ex-rights issue. The maximum issue price was set at PLN 3.50 apiece. “The issue proceeds are meant to help the capital group to improve its profitability and enhance its market position,” the statement said.