STS Holding has published a corporate prospectus outlining the material information and timetable of the initial public offering (IPO) of STS Gaming Group (STS) on the Warsaw Stock Exchange (WSE).
This summer, Poland’s Financial Conduct Authority disclosed that the Juroszek family, who control 100% of STS shareholding, had submitted a filing evaluating Warsaw IPO options for STS – Poland’s biggest sportsbook operator (+51% market share)
Moving forward on IPO plans, STS’ prospectus revealed that the Juroszek family will launch a private bookbuild for institutional investors, running from 24 November to 2 December.
Prior to its Warsaw debut, STS has allocated a maximum price offering of PLN 26 (€5.40) per share. The private bookbuild has been capped at 46.8 million shares, offering 30% of the operator’s share capital, held by the Juroszek family.
STS Group CEO Mateusz Juroszek said: “Our results prove our unique competitive advantages in this market. Due to our know-how and expertise, we not only continuously deliver strong growth in the value of amounts staked but also in terms of profitability.