Czech facility management company M2C has announced its plan to enter the Prague Stock Exchange in order to expand its offering of shares, reports E15.cz.
It will offer a minority stake in its shares for less than hundreds of millions of Czech crowns to accelerate its further growth.
M2C, which operates in 13 European countries and employs 8,500 people, has been in business for 33 years. It recently opened a branch in the USA and plans further expansion, including in the Middle East. Last year, it posted record results, with revenue of CZK 4.6 billion (€183 million)and EBITDA of CZK 173 million (€6.9 million).
The exact date of the initial public offering is not yet known. According to current assumptions, the shares could be offered in the summer months, tentatively in June, after all obligations to regulatory authorities have been met. M2C plans to address both institutional and retail investors.
