The public offering of Dino (the “Offering”) was the second-largest offering of a Polish private company in the history of the WSE and the largest Ppublic offering in Poland since December 2013. It was also the second offering in the history of the Polish capital market in which the Final Price of the Offer Shares for Institutional Investors was higher than the Maximum Price. A strong demand from both Polish and international investors resulted in the multiple-times-covered institutional book of demand. The average rate of reduction in subscriptions for Offer Shares by Retail Investors was 75%.The Offering included the maximum anticipated number of shares, 48,040,000, i.e. all shares belonging to the selling shareholder (Polish Sigma Group S.à r.l. with its registered office in Luxembourg, belonging to Polish Enterprise Fund VI, managed by Enterprise Investors (the “Selling Shareholder”)).
The value of the Offering was approx. PLN 1.65 billion, and the market capitalization of the Company based on the Final Price of the Offer Shares for Institutional Investors is about PLN 3.4 billion. Major financial institutions from nearly 20 geographies took part in the Offering..
ADDITIONAL INFORMATION ABOUT THE PUBLIC OFFERING OF DINO POLSKA S.A.:
Szymon Piduch, CEO of Dino Polska S.A., commented: “The Dino Polska offering is a historic transaction on the Polish capital market, in terms of both the size of the offering—approx. PLN 1.65 billion—and the huge interest in the Company, which translated into setting the price for institutional investors at a level higher than the maximum price. We are gratified by such high demand for the Company’s shares among renowned Polish and international financial institutions and among retail investors in Poland. The confidence shown by investors further motivates us to continue the intensive work on implementing our strategy and maintaining the dynamic pace of Dino’s growth.”
Jarosław Grzywiński, acting CEO of the Warsaw Stock Exchange, commented: “This is the fifth debut on the Main Market of the WSE in 2017, and at PLN 1.65 billion it is the largest IPO since 2013. The Dino public offering met with huge interest among institutional investors and retail investors. We are pleased to welcome to the stock exchange today a company from the private sector with such solid foundations. At the same time, the huge interest in today’s IPO is proof that what the listed companies and the WSE itself have to offer can meet the expectations of a wide range of investors.”
The value of the Offering was approx. PLN 1.65 billion, and the market capitalization of the Company based on the Final Price of the Offer Shares for Institutional Investors is about PLN 3.4 billion. Major financial institutions from nearly 20 geographies took part in the Offering..
ADDITIONAL INFORMATION ABOUT THE PUBLIC OFFERING OF DINO POLSKA S.A.:
- Total value of Dino Offering: about PLN 1.65 billion
- Price of Offer Shares for Institutional Investors: PLN 34.50—higher than the Maximum Price
- Price of Offer Shares for Retail Investors: PLN 33.50—equal to the Maximum Price
- The average rate of reduction in the Retail Investors tranche: 75%
- The Selling Shareholder allocated all of the 48,040,000 Offer Shares to investors:
- 45,456,047 Offer Shares were allotted to Institutional Investors.
- 2,402,000 Offer Shares were allotted to Retail Investors.
- 181,953 Offer Shares were allotted to Management Option Scheme Investors.
- Share of Retail Investors in the total number of allotted Offer Shares: 5%.
Szymon Piduch, CEO of Dino Polska S.A., commented: “The Dino Polska offering is a historic transaction on the Polish capital market, in terms of both the size of the offering—approx. PLN 1.65 billion—and the huge interest in the Company, which translated into setting the price for institutional investors at a level higher than the maximum price. We are gratified by such high demand for the Company’s shares among renowned Polish and international financial institutions and among retail investors in Poland. The confidence shown by investors further motivates us to continue the intensive work on implementing our strategy and maintaining the dynamic pace of Dino’s growth.”
Jarosław Grzywiński, acting CEO of the Warsaw Stock Exchange, commented: “This is the fifth debut on the Main Market of the WSE in 2017, and at PLN 1.65 billion it is the largest IPO since 2013. The Dino public offering met with huge interest among institutional investors and retail investors. We are pleased to welcome to the stock exchange today a company from the private sector with such solid foundations. At the same time, the huge interest in today’s IPO is proof that what the listed companies and the WSE itself have to offer can meet the expectations of a wide range of investors.”
