News
4 June: IPO of the Real Estate Developer J.W. Construction Holding SA
The company J.W. Construction Holding SA had its IPO on the WSE main market at the trading session on 4 June 2007. 51,250,000 series A bearer ordinary shares and 3,448,280 allotment certificates to series B shares were introduced to exchange trading. The company J.W. Construction Holding SA is the 303rd WSE listed company and the 24th IPO in 2007. The company is classified in the “Construction” segment. The issue price of the shares was PLN 71. The opening price of the shares on the day of the IPO was PLN 92.80, the opening price of the allotment certificates was PLN 92.00.
At the WSE IPO ceremony, the company was represented by:
- Józef Wojciechowski – company founder and Chairman of the Supervisory Board
- Jerzy Zdrzałka – President of the Management Board, J.W. Construction Holding SA
- Ryszard Matkowski – President, J.W. Construction Holding SA
The IPO was also attended by representatives of the IPO broker:
- Jan Krzysztof Bielecki – President, Pekao SA
- Jakub Papierski – President, CDM Pekao SA
WSE President Ludwik Sobolewski welcomed J.W. Construction Holding SA to the WSE: “Today, a long-expected company enters the WSE market, enriching its real estate developer segment. It is a special IPO in terms of volume and quality, the second largest non-privatisation offer in the history of the WSE.”
From the left: Ryszard Matkowski, Jan Krzysztof Bielecki, Jerzy Zdrzałka, Jakub Papierski, Ludwik Sobolewski, Józef Wojciechowski
“I wish to thank all those who took part in this great work. Today’s events were beyond my boldest expectations,” said Józef Wojciechowski, the company’s founder and Chairman of the Supervisory Board.
Jerzy Zdrzałka, President of the Management Board of J.W. Construction Holding SA, said: “I wish to thank all those who have built this company together with President Wojciechowski over the past 13 years. I thank in particular all those who participated in the last and final phase of preparation for the IPO: the Management Board, our employees who made a great contribution to the preparation of the issue prospectus, and our partners who made our success possible. This is not our final word,” said President Jerzy Zdrzałka as a promise to investors.
