X-Trade Brokers Dom Maklerski S.A. (“XTB” or the “Company” and together with its subsidiaries the “Group” or the “XTB Group”), an international provider of trading and investment products in the OTC (over-the-counter) market has published the prospectus prepared in relation to the initial public offering of the Company’s shares.
The initial public offering (the “Offering”) will consist of an offering of up to 16,433,709 existing shares by XXZW Investment Group S.A. (“XXZW”), an entity directly controlled by one of XTB’s founders, representing up to 14% of the share capital and the total number of votes at the General Meeting of the Company. The Offering comprises a public offering to retail and institutional investors in Poland, and a private placement to international institutional investors outside of Poland and of the United States of America who are not, and who are not acting for the account or benefit of, U.S. persons, in reliance on Regulation S (“Regulation S”) under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and to “Qualified Institutional Buyers” in the United States of America pursuant to and subject to the requirements of Rule 144A of the Securities Act (which Qualified Institutional Buyers are also “Qualified Purchasers” as defined in, and pursuant to the rules promulgated under, Section 2(a)(51) of the U.S. Investment Company Act of 1940, as amended). It is contemplated that approximately 10% to 15% of the shares in the Offering will be offered to retail investors in Poland.
J.P. Morgan Securities plc is the Global Coordinator and Joint Bookrunner, Pekao Investment Banking S.A. is a Joint Bookrunner and the Offering Agent and UniCredit Bank AG, London Branch and IPOPEMA Securities S.A. are Joint Bookrunners. Subscriptions for Retail Investors in: CDM Pekao S.A., DM Pekao S.A., DM mBanku S.A., BZ WBK, BM Alior Banku S.A., DM Banku BPS S.A., DM Banku Ochrony Środowiska S.A., ING Bank Śląski, DI Xelion S.A, Ipopema.