Designer Minge on the WSE
PR dla Zagranicy
Jo Harper
25.06.2015 13:25
Esotiq & Henderson aims to raise PLN 16 million listing on the Warsaw bourse.
Ewa Minge. Photo: Esotiq & Henderson
Shares in designer Ewa Minge’s company will be sold to individual investors from 25 June until 2 July, with sales to institutional investors open one day longer, until 3 July.
The company is counting on proceeds of about PLN 16 million (approx. EUR 3.8 million) from the IPO. The 450,000 shares on offer are expected to go at about PLN 35 (approx. EUR 8.50) apiece.
Investors are reportedly treating the offer as they would a start-up. The company’s first three stores opened in April, with 25 expected by the end of the year, 10 owned by the company and 15 franchised out.
"In the coming years the strong rise in our development will be sustained via a multi-brand group,” according to Adam Skrzypek, CEO of E&H, adding the number of outlets could reach up to 2,000 nationwide.
The company has a market cap of PLN 71 million (EUR 17 million). (jh)