Krynica Vitamin S.A., a leading producer on the functional beverages market made its début on the Warsaw Stock Exchange today. In the preceding initial public offering the company sold all the newly issued shares at the maximum price. The preparation works concerning the prospectus and the initial public offering were carried out by the capital markets law team of SSW.
The business activity of Krynica Vitamin S.A. is based on the production of beverages and bottling services. Currently, the majority of the company's product portfolio is constituted by energy drinks but the group has a broad range of isotonic, hypotonic, metabolism boosting beverages and vitamin dietary supplements, functional waters, modern multi-fruit drinks, alcopops, ciders, malt drinks as well as selected CSDs.
In the public offering 2.154.809 shares were sold, of which 1.598.062 are new issue shares while 556.747 are shares sold by the previous shareholder i.e. FRAM Closed Investment Fund. Institutional investors acquired 78% of the offered shares and 22% were taken up by individual investors. The maximum price of the sold shares was PLN 12.25.
The public offering was prepared by experts from the capital markets law team of SSW. The work of the team was coordinated by Dr Szymon Okoń – Partner in the capital markets law team of SSW.
