STS is set to offer 46,874,998 shares, consisting of 42,613,636 sale shares and 4,261,362 over-allotment shares, representing 30% of the total share capital. The offering size is estimated at approximately PLN1.1bn, with the overall valuation of the business at PLN3.6bn. The offer price is slightly lower than the initially proposed PZN26 per share. The allotment of offer shares will occur on 8 December, and trading of the admitted shares on the Warsaw Stock Exchange is scheduled to begin on 10 December. Upon completion, a lock-up agreement will be in place for 360 days for STS, its selling shareholders, and key members of the management board. The CEO and major shareholder, Mateusz Juroszek, along with his family, will maintain a 70% stake in the company.
Mateusz Juroszek expressed confidence in the brand’s strength and highlighted the Group’s competitive advantages for outperforming the market and attracting new customers. The debut of shares on the Warsaw Stock Exchange represents a significant milestone for STS’s development. The company looks forward to welcoming a diverse set of IPO investors from Poland, Europe, and around the globe to participate in the business’s future growth.
While STS primarily operates in the Polish market, it also holds licenses in Great Britain and Estonia, enabling its presence in those regions as well.
