Online Broker XTB Valued at $618m Ahead Of IPO

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Online Broker XTB Valued at $618m Ahead Of IPO

Postby » Mon Apr 04, 2016 8:54 am

Polish-based X-Trade Brokers (XTB) has announced its intention to hold a public offering of shares in the second quarter of 2016 and an introduction to trading on the Warsaw Stock Exchange.

Finance Magnates first learned about the company’s intention to seek an IPO in an interview with Jakub Maly, XTB’s CEO, in June last year.

The planned offer will include a 14 percent stake of existing shares sold by XXZW Investment Group, a company directly controlled by one of the founding members of XTB, and will involve a public offering to retail and institutional investors in Poland and a private ... (read more)

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