Warsaw (Puls Biznesu) – Comp Rzeszow, the IT company specialising in services for banks, plans a public offer of just 2 million of stock. Investors placed orders for 30 million of shares. Therefor, the price was set at the higher level of the PLN 84-94 (EUR 19-21.3) range.
Softbank, an IT integrator from the Prokom group, wants to buy 495 thousand of shares, i.e. a 13 percent stake, and later on to increase it to 20-23 percent. The first stake is to cost PLN 46.5 million.
Analysts are not surprised by that big demand. ‘The offer is very interesting: good business plus the upcoming entrance of Softbank. What surprises me is that companies do not take advantage of such big demand for their stock and do not take money from the stock market instead of taking bank credits’, Wojciech Szymon Kowalski, stock analyst said.
Comp Rzeszow had sales of PLN 100 million last year. The net income amounted to PLN 9.7 million. The money from the public offer are to be spent for the acquisition of Asset company plus further expansion abroad.
(PLN 1 = EUR 0.227)