– We are very pleased with the result as it proves that the investors have appreciated the company’s fast development in the last year and trusted our strategy. Some of the investors are our bondholders who are familiar with the company’s possibilities and growth potential. Their repeated engagement in the offer confirms that the direction of the company’s development is right – says Rafał Tomasiak, CEO Zortrax.
Zortrax’s shares issue was divided into two tranches. The bondholders purchased all the securities they subscribed for. Meanwhile, the number of subscriptions in the open tranche significantly exceeded the number of offered shares. The subscriptions in this tranche were reduced by 66,09%. The issue price of the series C shares amounted to PLN 32.50 per share.
– Such a result on the currently difficult primary market, where issuers have been withholding their offers, is a good example proving that good companies with clear strategy will always enjoy demand amongst investors. Zortrax is one of them – comments Szczepan Dunin-Michałowski, Managing Director from the Ventus Asset Management S.A. brokerage house.
– We are also very pleased that our innovative approach in the field of securing capital – firstly through bonds, then pre-IPO and only then IPO, which enables the primary owners to maintain majority shareholding has been well-received by the market, he adds.
The list of Zortrax’s advisors for the offer included: Ventus Asset Management S.A. brokerage house (offering party), IPO Doradztwo Kapitałowe S.A. (financial advisor) and MSLGROUP (PR and IR consultant).