XTB Marks Biggest Warsaw IPO in 2016, Listing Took Less Than a Year

[kreslik.news]

Online foreign exchange and CFDs brokerage XTB (X-Trade Brokers Dom Maklerski S.A.) successfully got listed on the Warsaw Stock Exchange (WSE) today. The company placed a touch under 16.5 million shares for public trading, valuing the company at $349 million at the market open. The share offering constituted the biggest IPO listing on the WSE for 2016.

A mid-April report by Finance Magnates hinted that the company is looking to raise up to $400 million. The initial price of the offering is closer to the lower range of the expectations set out on the IPO prospectus, however ... (read more)