Auto Partner S.A., one of the largest importers and distributors of car parts on the Polish market, has debuted on the Warsaw Stock Exchange (GPW). The total value of the company’s public offering amounted to PLN 85.4 million gross. From the issuance of 23,000,000 new shares, the company raised PLN 50.6 million gross, which will be used to implement the company’s growth strategy, including increasing the scale of operations, further diversifying its product offering, and improving profitability. The total value of the investment program to be executed using proceeds from the public offering is estimated at PLN 71.6 million.
The issue price of Auto Partner shares was PLN 2.20. On the debut, the share price increased by 8.18% to PLN 2.38, while the price of rights to shares rose by 2.73% to PLN 2.26.
Auto Partner S.A. is the 389th company listed on the GPW’s main market and the 488th company listed on the GPW overall. This was the ninth IPO on the main market this year.
The M+G agency was responsible for carrying out comprehensive communication activities related to the company’s public offering of shares.
