Warsaw (Puls Biznesu) – The shareholders of the distributor of IT equipment will soon decide whether the company issues shares worth PLN 20-25m (EUR 5.2-6.5m).
The shareholders of Pronox Technology, the distributor of IT equipment will decide about an IPO on November 2nd. Today, the capital of the company amounts to PLN 714,000 and consists of 624,000-691,000 shares. The management wants to issue up to 1.5m shares to be published consisting 16 percent of the capital.
The company would like to submit its issue prospectus this year. The IPO would take place at the end of this or the beginning of next year. The company would like to raise PLN 20-25m. According to a ranking of Computerworld, Pronox Technology is Poland’s sixth largest IT distributor with PLN 402.8m of sales in 2005 and PLN 6.9m of net income.
(PLN 1 = EUR 0.258)