ML System, a highly specialized technology company, being the leader of the Polish market for building integrated photovoltaics (BIPV), debuted on the Warsaw Stock Exchange. As part of the IPO, the company obtained from investors PLN 34.6 million for the development of new, innovative products and international expansion.
– Debut on the Warsaw Stock Exchange is a summary of our successes and achievements that we have achieved during last decade. Now, the time for new challenges and further, dynamic growth has arrived. We believe that the presence on the stock exchange will strengthen our position on the BIPV market in Poland and worldwide as well. We believe that development of new products and foreign expansion will have a positive effect on our company – comments Dawid Cycoń, president of the ML System.
Individual investors allocated 90,488 shares during IPO, and 1,191,380 shares went to institutional investors.
The company intends to spend the funds obtained from investors on the implementation of innovative projects, expanding the product portfolio and technological development.