Breaking: Polish Brokerage XTB to List Early May, Valuation up to $400 mln
Posted: Wed Apr 13, 2016 4:07 pm
Polish international group XTB Capital has announced that it will get listed on the Warsaw Stock Exchange around the 6th of May 2016. The company, which is currently operating across Europe is aiming its sights at an expansion in the Latin American market.
XTB Capital Group will float 14 per cent of its shares (16,433,709 shares) at a valuation of up to $400 mln ($3.41 per share). The figure which is about 50 per cent lower than estimates of some bookmakers that were first reported by Reuters earlier this month.
The company’s operating income for 2015 totaled about $74 million (PLN 282.5 ... (read more)