Vestor Dom Maklerski was the Offering Agent and Sole Bookrunner during the initial public offering of Archicom. The value of this transaction was PLN 72.2 million. Archicom’s IPO was the first big transaction carried out on the domestic primary market in 2016.
Archicom is the leader of Wrocław’s housing market and one of the major players in the office space market. In 2014-2015, the Archicom Group sold 1,131 apartments, and at the end of 2015 its offering included 1,012 apartments in Wrocław’s most popular districts. In addition to the housing market the Group is also active in commercial real estate. In 2014, the Archicom Group generated PLN 128.7 million in revenues and PLN 37.9 in net profit, and according to estimates, 2015 ended with revenues of PLN 156.6 million and net profit of PLN 42.7 million.
During the initial public offering the company placed new issue shares worth PLN 72.2 million, constituting 20% of the increased share capital. Over 92% of the offering has been subscribed for by institutional investors. The company will allocate the IPO proceeds to buy real estate for new investment projects in Wrocław and Kraków and finance current residential projects in Wrocław. Vestor Dom Maklerski was responsible for preparing the offering and was the Sole Bookrunner. Archicom’s IPO was the first big transaction carried out on the domestic primary market in 2016.