© Copyright Acquisition International 2026 - All Rights Reserved.

Article Image - Wirtualna Polska Holding IPO
Posted 27th May 2015

Wirtualna Polska Holding IPO

Wirtualna Polska Holding IPO

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Wirtualna Polska Holding IPO

Wirtualna Polska Holding IPO

View Biography

Weil, Gotshal & Manges

Rafał Zwierz – Partner.
Legal Adviser to WPH

Innova Capital-backed Wirtualna Polska Holding (WPH) has listed on the Warsaw Stock Exchange, with a PLN 1bn market cap.

The public offering featured a total of 9.19 million shares priced at PLN 32 apiece. Around a third of the offering comprised newly created shares, generating proceeds of PLN 100m. WPH intends to dedicate the capital raised to further acquisitions and the repayment of existing debt.

Innova-controlled European Media Holding (EMH), meanwhile, reaped PLN 187.3m in gross proceeds by divesting a 35% stake as part of the offering. Innova claims to have recouped around 90% of its initial investment in the business.

Primarily intended for Polish investors, the flotation took place earlier than the 2016-2017 timeframe that had initially been considered, according to WPH.

Pekao Investment Banking, UniCredit’s London branch, Powszechna Kasa Oszczędności Bank Polski, Oddział – Dom Maklerski PKO Banku Polskiego w Warszawie and Dom Maklerski mBanku acted as joint bookrunners for the IPO.

Previous funding
WPH was formed in 2013 via the merger of Polish internet portals Wirtualna Polska and Grupa o2, both bought by Innova Capital from Orange business unit Telekomunikacja Polska. The buyout, valuing the combined business at PLN 375m, was carried out via Innova-backed acquisition vehicle European Media Holding, according to unquote” data.

Innova drew equity from its €302m Innova/5 LP fund, with additional financing coming in the form of a debt package.

Categories: Innovation


You Might Also Like
Read Full PostRead - Eye Icon
The Benefits of Applying Project-Management Techniques to Everyday Business Life
Leadership
14/01/2025The Benefits of Applying Project-Management Techniques to Everyday Business Life

Many company leaders envisage a clear distinction between the methods and skills needed to run a specific project and the day-to-day management of their firm.

Read Full PostRead - Eye Icon
Wealth Planning Solutions That Matter
Finance
04/03/2024Wealth Planning Solutions That Matter

Firmly established within the heart of the financial services industry, Lombard International Group (Lombard International) sits at the intersection of wealth management, private banking, and insurance. With more than 30 years’ experience, Lombard Internatio

Read Full PostRead - Eye Icon
The Secret to Success? Find a Trusted Business Advisor
News
08/09/2023The Secret to Success? Find a Trusted Business Advisor

Starting a business is a bit like hiking up a mountain blindfolded – it’s difficult, disorienting, and you never know what unexpected cliffs or pitfalls await around the next bend. The stakes feel high, and one wrong step can send you tumbling. But

Read Full PostRead - Eye Icon
How Contactless and Other Modern Payment Methods Can Fight the Spread of COVID-19
Finance
30/03/2020How Contactless and Other Modern Payment Methods Can Fight the Spread of COVID-19

Physical contact is the primary culprit behind the unmitigated spread of COVID-19, also known as the novel coronavirus. This is why authorities all over the world are scrambling to lessen overall person-to-person contact in people’s day-to-day interactions.

Read Full PostRead - Eye Icon
Leader in Research and Development – North Wales
Innovation
27/09/2022Leader in Research and Development – North Wales

We’ve all experienced a bad smell at some point in our lives, whether it’s from pets, children, leaky sewerage, or other people’s food in the office.

Read Full PostRead - Eye Icon
Seven Easy Steps Employers Can Take to Engage Gen Z in the Workplace
Leadership
01/07/2024Seven Easy Steps Employers Can Take to Engage Gen Z in the Workplace

Whether it is maintaining flexibility in the workplace or scrapping annual reviews, there are plenty of ways to keep this generation engaged. Below you can find compelling insights into how Gen Z is navigating the workplace, and effective strategies emplo

Read Full PostRead - Eye Icon
IT Consulting 101: How It Works and Why Your Business Needs It
News
04/11/2021IT Consulting 101: How It Works and Why Your Business Needs It

Any business that wants to remain relevant and competitive must utilize information technology (IT). IT involves the use of modern tools and applications to promote business efficiency.

Read Full PostRead - Eye Icon
Britain Votes to Leave the EU – What is the Impact on M&A? Business as Usual?
Leadership
24/06/2016Britain Votes to Leave the EU – What is the Impact on M&A? Business as Usual?

So after weeks and months of debate and controversy, although we have been discussing this since we entered the Common Market in 1973, we finally know – the UK public has voted OUT.

Read Full PostRead - Eye Icon
Unique Legal & Tax Requirements When Setting Up a Business in California
News
06/06/2023Unique Legal & Tax Requirements When Setting Up a Business in California

Whether you’re a native looking to start a new business or a newcomer wanting to put down more than just roots, starting a business in the Golden State comes with its fair share of opportunities – and risks.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow