STS owners plot investment drive following IPO
Polish bookmaker to inject capital into fellow publicly listed firms across a breadth of industries
Owners of the Polish operator STS are planning to use the capital raised from the group’s initial public offering (IPO) to invest in fellow Warsaw-listed firms.
STS Group is set to go public on 10 December, with its share price set at PLN23 per share with a total of 46,874,998 existing shares available, constituting almost 30% of the share capital of the company owned by the Juroszek family.
Companies from Juroszek family office, which include Betplay Capital, Juroszek Investments and MJ Investments, will look to purchase “large” stakes in companies that showed high growth potential and dividend returns.
The Juroszek family confirmed it would look for investment opportunities across tech, e-commerce and real estate.
In fact, STS’ major shareholders, the Juroszek family, also own one of the largest home building companies in Poland in the shape of Atal.
Speaking to Bloomberg, STS CEO Mateusz Juroszek said: “We want to invest strongly on the Warsaw Stock Exchange because we believe in good prospects for the Polish economy and local stocks.
“For STS we [will] look for targets in central and eastern Europe, but we don’t have anything precise on the radar, as [we] have [a] selective and steady approach,” he added.
The Juroszek family also noted it would consider investments into the burgeoning US market.
STS Group filed its prospectus with the Polish Financial Supervision Authority in September, before releasing said prospectus last month.