Raport Bieżący Nr 6/2020
PCF Group S.A. successfully concluded its public offering in December 2020, marking a significant step toward its listing on the Warsaw Stock Exchange. The offering comprised two equal parts: the subscription of 2,062,512 newly issued Series B shares and the sale of 2,062,512 existing Series A shares by twenty-five current shareholders. This dual structure allowed the company to raise fresh capital while providing liquidity for existing investors.
The offering attracted massive interest, particularly from individual investors. In the retail tranche, demand reached over 40.8 million shares against an allocation of only 618,750, resulting in a high reduction rate of 98.486%. Institutional investors subscribed to the remaining new shares and all the sale shares, while a dedicated employee tranche was fully satisfied without reduction. Pricing varied by segment: individual investors paid 46.00 PLN per share, employees received a discounted rate of 41.40 PLN, and institutional investors paid 50.00 PLN.
The total value of the new share issuance reached approximately 100.3 million PLN, while the sale of existing shares totaled 103.1 million PLN. Approximately 18,000 individual investors participated in the process alongside 59 employees and nearly 300 institutional entities. All shares were acquired through cash contributions. While the subscription and allocation phases are complete, final costs related to the prospectus, advisory, and promotion will be detailed in a subsequent report once all invoices are processed. This offering underscores strong market confidence in the Polish game development sector during the late 2020 period.
