Cavatina Holding's PDA fell by 4.4% on its WSE debut

by   CIJ News iDesk III
2021-07-23   09:30
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Cavatina Holding's rights to shares (PDA) debuted today on the main market of the Warsaw Stock Exchange (WSE). At the opening, the PDA price fell by 4.4% compared to the reference price and amounted to PLN 23.9.

"We have a clearly defined goal. We want to achieve a portfolio with an area of ​​1 million m2 in 2025. We treat this debut as a confirmation of confidence in our business and operational model. We want to take advantage of this opportunity, we will work with the entire team to achieve the strategic goal in full. it also brought a measurable goal for our shareholders," said CEO Rafał Malarz during the stock exchange debut ceremony.

"Our presence on the WSE is a natural step and a way to diversify our sources of financing," added Vice President Daniel Draga.

Cavatina Holding S.A. is the 429th company listed on the Main Market and the 11th new listing on this market in 2021.

Last week, Cavatina Holding allotted all offered shares at an issue price of PLN 25. Thus, the total value of the offer was PLN 187.5 million. The reduction rate in the retail tranche was 37.2%.

The Cavatina Holding capital group is one of the largest developers of office space operating in Poland and is currently present in seven Polish cities: Warsaw, Kraków, Łódź, Wrocław, Gdańsk, Katowice and Bielsko-Biała.

Source: Cavatina Holding and ISBnews
Photo: Cavatina Gdansk office Project