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- Offer
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- Public Offerings and New Connect market
- Arranging Financing
- Corporate Finance
- EU Funds
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Public Offerings and NewConnect market
IPO (initial public offering) is when a company issues its shares to the public for the first time. Both existing shares and shares of the new issue may be the subject of IPO. The company's debut on the stock exchange requires a number of preparatory activities. The most important IPO process components are: the appropriate structuring of relationships existing between the company and its shareholders, valuation of the company, working out an optimal structure of the public offering in view of the adopted development strategy and company's investment plans as well as drawing up the prospectus and proceedings before the Financial Supervision Authority.
Once the issue prospectus is approved by the Financial Supervision Authority, the stage of placement of shares among potential investors may start. In this phase special attention is paid to professional presentation of the company and its management. The key factors that determine successful public offering include direct contact with institutional investors, presentation of the analytical report by analysts from a stock brokerage house as well as the management presentation on the company's development prospects.
Based on our experience, we can say that proper preparation for the process of going public accompanied by a professional presentation of company's management allows for either elimination or mitigation of a number of relevant risks which are typically pointed out by potential investors and for optimization of company's market valuation.
The scope of offered services:
BRE CF, in cooperation with BRE Bank Securities, offers comprehensive support in the process of initial and secondary public offering. Our offer in this matter comprises the following:
- Initial and secondary public and private offerings:
- structuring of relationships between shareholders and the company
- due diligence and valuation processes
- structuring of public and non-public offerings
- drafting of issue prospectuses / information memoranda / information documents
- preparation for road show
- Mergers and acquisitions of public entities
- Issuing of convertible bonds
- Stock-based incentive programs (of companies listed on the Wasaw Stock Exchange/the alternative New Connect market)
NewConnect market
The NewConnect market is a new alternative trading platform organized and operated by the Warsaw Stock Exchange which is intended for high-growth smaller companies which intend to turn innovations (of products, services, business processes) into their competitive advantage. For companies interested in the New Connect, we offer services of an Authorized Adviser, providing assistantce in the process of both private placement as well as introduction of company's securities to the Alternative Trading System.
In co-operation with BRE Bank Securities and an experienced legal advisor we offer comprehensive implementation of projects, including:
- Preparation of a company for the purpose of the non-public offer and introduction of securities to the Alternative Trading System
- Preparation and implementatin of non-public offer
- Introduction of securities to the Alternative Trading System
- Assistance in the process of fulfilment of information duties and monitoring compliance of company's activities with the Alternative Trading System regulations
Completed projects:
As an Authorized Adviser BRE CF has completed the following projects:
- introduction of Wealth Bay S.A. company to trading on NewConnect market (March 2009)
Information document of Wealth Bay S.A.
Current reports of Wealth Bay S.A.
Current projects:
As an Authorized Adviser BRE CF is currently implementing the following projects:
- private placement and introduction of Marka Sp. z o.o. company to trading on NewConnect market
Express your interest in a PRIVATE PLACEMENT offer - newconnect@bcf.pl
Client examples
Client: Lubelski Węgiel "Bogdanka" SA
Industry: MiningIn June 2009 BRE CF and BRE Bank Securities advised in the process of initial public offering of Lubelski Węgiel "Bogdanka" SA - one of the leading producers of hard coal in Poland. The value of offered shares was 528 mln PLN. The IPO encompassed solely equity increase.
Client: Unibep S.A.
Industry: Construction and real estate developmentIn March 2008 BRE CF together with BRE Bank Securities advised in the process of initial public offering of Unibep S.A. The value of the offer amounted to 71 mln PLN. The IPO encompassed equity increase and the sale of part of current shareholders stock.
Client: Optopol Technology S.A.
Industry: MachineryIn February 2008 BRE CF together with BRE Bank Securities advised in the process of initial public offering of Optopol Technology S.A. The value of the offer amounted to 66 mln PLN. The IPO encompassed solely the equity increase.
Client: Nepentes S.A.
Industry: Pharmaceuticals production and distributionIn December 2007 BRE CF together with BRE Bank Securities advised in the process of initial public offering of Nepentes S.A. The value of the offer amounted to 76 mln PLN. The transaction included both equity increase and the sale of part of company's shares by current shareholders.
Client: Seco Warwick S.A.
Industry: MachineryIn December 2007 BRE CF together with BRE Bank Securities advised in the process of initial public offering of SecoWarwick S.A. - a leading manufacturer of industrial heat treatment equipment and nonferrous reverb melting and holding systems. The value of the offer amounted to 99 mln PLN. The transaction included both equity increase and the sale of part of company's shares by current shareholders.
Client: Eurofilms S.A.
Industry: ChemicalIn September 2007 BRE CF together with BRE Bank Securities advised in the process of a merger of a public company Eurofilms S.A. and a non-public company Ergis S.A. The value of the transaction amounted to 218 mln PLN.
Client: ATM S.A.
Industry: Telecommunication, media, ITIn September 2007 BRE CF together with BRE Bank Securities advised on the secondary public offering of ATM S.A. The value of the offer amounted to 157 mln PLN.
Client: Komputronik S.A.
Industry: Trade and distributionIn June 2007 BRE CF together with BRE Bank Securities advised in the process of initial public offering of Komputronik S.A. The value of the offer amounted to 62 mln PLN. The transaction included both equity increase and the sale of part of company's shares by current shareholders.
Client: Erbud S.A.
Industry: Construction and real estate developmentIn May 2007 BRE CF together with BRE Bank Securities advised in the process of initial public offering of Erbud S.A. The value of the offer amounted to 170 mln PLN. The transaction included both equity increase and the sale of part of company's shares by current shareholders.
Client: Polimex Mostostal S.A.
Industry: Construction and real estate developmentIn April 2007 BRE CF together with BRE Bank Securities advised in the process of a merger between two public companies: Polimex Mostostal S.A. and ZREW S.A. and an acquisition of Energomontaż Północ S.A. The value of the transaction amounted to 390 mln PLN.
Client: ES-System S.A.
Industry: Production and distribution of lighting systemsIn March 2007 BRE CF together with BRE Bank Securities advised in the process of initial public offering of ES-System S.A. The value of the offer amounted to 67 mln PLN. The transaction included equity increase and the sale of part of company's shares by current shareholders.
