Warsaw (Puls Biznesu) IDM, Poland¹s listed brokerage, is going to conduct four IPOs next year. The following companies will be helped by the company: Hyperion, Monnari Trade, Gino Rossi and one company whose name remains secret. Gino Rossi was announced IDM¹s client yesterday.
On December 19th, we signed agreement to offer Gino Rossi¹s shares. Works over the prospectus will start next year, and the IPO will be conducted in the second quarter, IDM said in a communiqué.
It did not present details of the offer. Gino Rossi produces shoes, mainly in Italy. It has 69 own shops. Two years ago, the company launched its outlets in, among others, Lithuania, Germany and Canada. This year¹s sales are to exceed PLN 80m (EUR 20.9m).
IDM assisted five IPOs this year: of Novitus, Teta, Travelplanet, Graal andŠ IDM. Successful transactions made the company raise its financial forecasts.
The net income forecast amounts to PLN 9.2m, or 15 percent more than planned before and 70 percent more than last year. The market capitalization is above PLN 100m.
(PLN 1 = EUR 0.261)