On 15 December 2023, the Murapol Group, one of the largest and most experienced residential developers in Poland, debuted on the main market of the Warsaw Stock Exchange. NBS Communications was responsible for planning, preparing and implementing the informational and promotional campaign supporting Murapol’s initial public offering. The value of the IPO was PLN 404 million.
It was the first IPO on the Warsaw Stock Exchange in two years. The Murapol IPO included a final number of 12,240,000 offer shares, constituting 30% of the company’s share capital, and the final price of the shares sold in the offering was set at PLN 33 per share.
The new Murapol shareholders include foreign institutions, Polish funds, and a large number of individual investors. Retail investors submitted a total of 3,830 subscriptions for shares. The demand they signalled exceeded many times over the final number of shares allocated to this category of investors, and thus their subscriptions were reduced by 84.63% on average.
The company’s capitalization implied by the final price of the shares sold in the offering was about PLN 1.35 billion, and the share price rose by double digits from the very first minute of trading. At the end of the first trading session, the price of Murapol shares had risen to PLN 37.60, or 13.9% more than the price in the IPO, and the company’s market value reached PLN 1.53 billion.
Our congratulations to the new investors who bought shares in the company. We would like to thank the management board of the Murapol Group for their engagement and appreciation for the role of communications throughout the IPO process. We wish them continued growth in their business.
Our thanks also go to all of the advisers involved in the IPO for their outstanding cooperation: Santander, Pekao, Erste, the law firms Rymarz Zdort Maruta and White & Case, as well as Rothschild & Co.