STS Holdings has published a corporate prospectus outlining the material information and timetable of its initial public offering (IPO) on the Warsaw Exchange.

This summer, Poland’s Financial Conduct Authority disclosed that the Juroszek family, who control 100% of STS shareholding, had submitted a filing evaluating Warsaw IPO options for STS – Poland’s biggest sportsbook operator (+51% market share)

Moving forward on IPO plans, STS’ prospectus revealed that the Juroszek family will launch a private bookbuild for institutional investors, running from 24 November to 2 December.

Prior to its Warsaw debut, STS has allocated a maximum price offering of PLN 26 (€5.40) per share. The private bookbuild has been capped at 46.8 million shares, offering 30% of the operator’s share capital, held by the Juroszek family.

A counter bookbuild for retail investors will run from 25 November to 1 December, during which time non-institutional investors will be able to place orders on STS shareholding of 10%.

STS retail offering has been restricted to 10 shares per single buy, with individual investors capped at a maximum purchase of 3,629,261 shares – as retail investors can place multiple orders. 

Goldman Sachs Europe and UBS have been appointed as STS pre-IPO bookrunners. Polish banks mBank and PKO BP are also the investment firms intermediating in the public offering.

Once book building activities are completed,  STS will disclose its final share allotment on 8 December, as the company intends to make its Warsaw  trading debut on 10 December  

STS Group CEO Mateusz Juroszek said: “Our results prove our unique competitive advantages in this market. Due to our know-how and expertise, we not only continuously deliver strong growth in the value of amounts staked but also in terms of profitability.  

“In addition, we constantly invest in the development of technology and the implementation of our “mobile-first” strategy. We continue to strengthen our competitive advantage by focusing on our proprietary state-of-the-art technology. 

“The public offering is the next stage of the Group’s development, which will cement our position as the absolute market leader in Poland and will help drive brand recognition internationally.”