Escola uploads its NewConnect debut plan

Escola wants to debut on the NewConnect market in 2022, the company said. Work is currently underway on the preparation of an information document and thus the commencement of the procedure for introducing shares to the alternative market.

“Debut on NewConnect is a promise that we made to investors and we want to fulfill it in order to develop the company and increase revenues. We are currently at the stage of preparing the necessary documentation. Before our debut, we also intend to provide current and future shareholders with a free educational package. We have over 400 shareholders from three crowdinvesting issues on board, ”said the president of Escola, Krzysztof Wojewodzic, quoted in the announcement.

According to preliminary financial data, Escola has earned 66 percent. increase in revenues compared to PLN 6 million in 2020. The estimated EBITDA of the Escola capital group in 2021 is PLN 1.7 million, compared to nearly PLN 1.1 million in 2020.

Escola is a technology company that creates web and mobile applications. The company, apart from its basic activity as a software house, diversifies the business with its own products.

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