Zabka grocer announces intention to float on WSE

As stated, the offering will be targeted at institutional investors in selected jurisdictions and individual investors in Poland.

The company will not receive any proceeds from the sale of shares offered by the selling shareholders. All funds raised from the sale of shares offered by the selling shareholders will go to them.

"As consumers are increasingly looking for convenience, we believe that the planned IPO will allow the Zabka Group to further exploit the broad opportunities we see in the market. To achieve this, we have set ourselves clear and realistic medium-term goals: we aim to double sales to end customers by 2028, opening more than 1,000 shops per year in Poland and Romania," said CEO Tomasz Suchanski, quoted in the press release.

"We are convinced that going public will benefit all stakeholders of the Zabka Group, increasing its shareholder value and providing further development opportunities for employees. At the same time, it will have a positive impact on the development of entrepreneurship in local communities, as it will allow us to support franchisees even more effectively by providing them with the tools and knowledge necessary to run their own business," he added.

As the company stressed in the statement published on its website, the offering will provide the selling shareholders with an opportunity to partially realise their investment in Zabka Group.

"Furthermore, management is of the opinion that an initial public offering will benefit the company by giving it greater access to the local and international capital markets in the event any future capital needs arise including, in particular, in connection with funding any potential M&A transactions," Zabka said.

"Management also believes that the WSE admission will assist it with incentivising the management

team and senior staff, and enhance Zabka Group’s employer branding," it added.

Zabka is a chain of convenience stores in Poland. In 2023, it had more than 10,500 shops.

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