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Polish residential developer Robyg is preparing to launch an initial public offering (IPO) on the Warsaw Stock Exchange as it looks to support its next phase of growth. The company expects to raise around USD 109 million through the issue of new shares, with the proceeds primarily earmarked for expanding its land bank and advancing residential developments across Poland. Existing shareholder TAG Beteiligungs- und Immobilienverwaltungs will also sell part of its stake during the offering while retaining majority ownership. The IPO will include a retail investor component, with 10% of the offered shares reserved for individual investors.
Poland-based residential developer Robyg has announced plans to launch an initial public offering (IPO) on the Warsaw Stock Exchange, marking a significant step in its growth strategy as demand for housing continues across key Polish cities.
The company expects to generate gross proceeds of approximately 400 million zlotys (USD 109 million) through the issuance of new shares. According to the company, the capital raised will be directed towards further business expansion, with a particular focus on strengthening its land bank to support future residential projects.
As part of the planned offering, Robyg’s owner, TAG Beteiligungs- und Immobilienverwaltungs, is also expected to sell a portion of its existing shareholding. The company is a wholly owned subsidiary of German real estate group TAG Immobilien and currently holds full ownership of Robyg.
Despite the planned share sale, TAG Beteiligungs- und Immobilienverwaltungs is expected to remain the majority shareholder after the IPO, ensuring continued control of the residential developer.
Robyg also stated that 10% of the shares being offered in the IPO will be allocated to retail investors, providing individual market participants an opportunity to invest in one of Poland’s larger residential development companies.
Chief Executive Officer Eyal Keltsh said the proposed IPO is intended to support the company’s continued expansion, strengthen its position in Poland’s residential property market and enable it to continue delivering quality housing projects in well-planned and strategically located areas.
The company has not yet disclosed a timeline for the public offering. Further details, including the structure and schedule of the IPO, are expected to be released once the prospectus for the offering is published.
Robyg has been one of the prominent players in Poland’s housing sector, with a presence in several major cities. The planned listing comes as developers continue to seek funding avenues to expand project pipelines and secure land for future development amid evolving market conditions.
Source Reuters
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