Warsaw (Puls Biznesu) – Today, the book building for Gino Rossi stock starts. Small investors, who are to be offered 800,000 shares our of 3m to be issued, will subscribe on June 12-14.
The majority of the funds raised in the issue will be spend for the chain. This year, 16 shops in Poland and 6 abroad will be launched against 87 operating today. Gino Rossi will also promote its second brand, G&R (shoes for less wealthy clients) and Geox shoes (the company is the only representative of this brand in Poland).
The price range has been set at PLN 10-13, which means that the issue will be wroth PLN 132-171m. Gino Rossi had PLN 2m of net income in 2005. This year, it is going to grow to PLN 6.5m, mainly due to more shops and better margins of profit.