IPO on WSE

In 2007-2008, for Krynicki Recykling, we prepared and carried out the acquisition of financing in the form of three private placements of shares worth a total of PLN 17 million, including an offering to a major financial investor, worth PLN 10 million. In 2008, we floated Krynicki Recykling’s shares on the NewConnect, where we acted as an Authorized Adviser. In 2010, we were the Company’s leading adviser in the drafting of the prospectus and execution of the IPO on the WSE worth over PLN 14.7 million, as well as in the transfer of shares from the NewConnect listing to the WSE main market.

Krynicki Recykling S.A. operates in the environmental market and is a leader in glass cullet purification and segregation in Poland. The Company’s business model is based on the treatment of glass – purification and separation into individual colors. The demand for this product is many times higher than the possibility of obtaining raw material from the market due to the low level of segregation in Poland. The use of clean cullet allows glass factories to reduce energy consumption and CO2 emissions. Suppliers of glass are points of collection of recyclable materials and landfills from all over the country. The company collects glass from suppliers with its own transport and provides its own containers for glass waste segregation. Krynicki Recykling has one of the most modern cullet treatment plants. The plant also has some of the largest production capacity in Poland. The company’s operations have been recognized with such awards as the Business Eagle of Warmia and Mazury, Business Gazelle, and Forbes Diamond. Krynicki Recykling S.A. successively debuted with our participation on the NewConnect market (2008) and the Warsaw Stock Exchange (2010). In 2022, Krynicki Recykling S.A. was acquired by the industry group Sibelco Green Solutions.

Deal timeline

September 15-20, 2010: institutional and individual investors subscribed for nearly 4 million shares in total at an issue price of PLN 3.70 per share.
September 2010: the proceeds were to fund the expansion and modernization of the facilities in Wyszków and the construction of a plant in Jarosław with two lines for treating and sorting container glass cullet.
October 26, 2010: Krynicki Recykling shares debuted on the WSE main market; a total of 14,107,157 shares were admitted to trading, including 3,974,357 Series E shares taken up in the public offering.

Service: IPO on the Warsaw Stock Exchange

Client:

KRYNICKI RECYKLING S.A.