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Polish residential developer Robyg has launched its initial public offering (IPO) on the Warsaw Stock Exchange, aiming to raise around PLN 330 million (USD 90.4 million) through the issuance of new shares. The proceeds will be used primarily to expand its land bank and support future housing developments. The IPO also includes the sale of existing shares by majority owner TAG Immobilien, which is expected to retain control after the listing. The move comes as Robyg reports stronger profitability and outlines plans to increase apartment pre-sales while maintaining a shareholder return strategy through future dividend payments.
Polish property developer Robyg has officially launched its IPO on the Warsaw Stock Exchange as it seeks fresh capital to support future growth and strengthen its development pipeline.
According to the company's prospectus, Robyg has set a maximum offer price of PLN 36 per share and plans to raise approximately PLN 330 million (USD 90.4 million) through the issuance of new shares. The capital raised will primarily be used to acquire additional land parcels, enabling the company to expand its residential development activities in the coming years.
The offering consists of up to 9.65 million newly issued shares and up to 25 million existing shares being sold by its parent company, TAG Immobilien. Following the completion of the IPO, TAG Immobilien is expected to retain an ownership stake of around 66% in Robyg, maintaining a controlling position in the company.
Robyg stated that replenishing its land bank is a key priority as it works towards a medium-term objective of increasing annual apartment pre-sales to around 5,000 units. The strategy reflects the company's focus on securing future development opportunities in Poland's residential market.
The developer has reported improved financial performance ahead of the public offering. Net profit increased to PLN 318 million in 2025, compared with PLN 247 million in the previous year, indicating stronger earnings as housing demand remained resilient across its operating markets.
Alongside its growth plans, Robyg has also signalled its intention to continue rewarding shareholders. The company said it plans to recommend a dividend payment of at least PLN 300 million for the 2026 financial year, subject to the necessary approvals and financial performance.
The IPO process is now underway, with subscriptions for retail investors scheduled to run until June 23. Robyg expects its shares to begin trading on the Warsaw Stock Exchange on or around July 2, marking a significant milestone in the company's growth journey and providing access to public market funding for future expansion.
Source Reuters
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