Kubota, which this year transformed into a joint-stock company and launched a clothing collection for the first time, is headed for the Warsaw Stock Exchange. The public offering of the shares will begin on August 10, and the company will be listed on the NewConnect market.
The company wants to obtain PLN 2.5 million from the first public offering (IPO), and the offering party will be Dom Maklerski INC SA with its seat in Poznań. The issue was divided into two tranches. The first tranche of the offer will start on August 10, 2021 and will be addressed to investors willing to subscribe for shares with a value of PLN 25-250 thousand. zloty. The beginning of the second is planned for August 17, 2021.
The issuer will offer up to 192,300 shares at the issue price of PLN 13. The valuation of the company after the offer of new securities will amount to as much as PLN 17 million, and the company wants to allocate the proceeds from the issue to hire new employees, develop an online store and increase inventory. Kubota plans to introduce its shares to the NewConnect market at the turn of 2021 and 2022.
“Last year we were not able to meet the demand. This year we have drawn conclusions and we intend to push forward with stable financing” – declares the President of the Management Board of Kubota, Piotr Kwiatkowski.