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ENTER AIR RAISED PLN 98 MILLION IN THE IPO
Initial public offering
V
Initial public offering
Between November and December 2015, Enter Air conducted a successful initial public offering by issuing an additional 7 million shares and the company raised PLN 98 million. Investor money will be used for advance payments to purchase Boeing 737-8 MAX aircraft to enhance the efficiency of the Group’s operations.

6.8 million shares (or 38.8% of Enter Air’s total share capital after the share capital increase) were allocated to institutional investors. Retail investors received 174 thousand shares. Because of the high demand for the subscription of shares, retail investors’ subscriptions were subject to a 34.1% reduction. Enter Air’s employees received 16 thousand shares.

Enter Air’s first listing on the Warsaw Stock Exchange took place on 14 December 2015.