The initial public offering of Megaron’s shares took place on 25 February 2011. The Company released 200 thousand C-type shares with no tranche division. The issue price was determined as PLN 24 per share. The subscription reduction rate equalled 93.957 per cent, which indicated that there were far more buyers than expected.

Soon after the stock exchange opened, the price increased by 12 per cent, up to PLN 26.90 per share, and before noon the stock price grew to over PLN 28 for one share. At the end of the first day the share price fluctuated at the level of PLN 27.40, while the value of share sales during the first day amounted to almost one million PLN.

Megaron is a company located in Szczecin, and for the last twenty years it has been engaged in manufacturing and selling finishing coats, primarily refine plaster. The funds derived from launching the Company’s shares at the stock exchange, i.e. over PLN 4.5 M, will be spent on building an automated production line for manufacturing ready-to-use construction mixes and finishing the building of the factory floor and storehouse covering the area of 2.5 thousand square meters.

“We do not perceive this IPO in terms of success – it is just another stage of our evolution” - said Piotr Sikora, the president of Megaron, during the IPO ceremony held in Warsaw.  “For us, an achievement is na increase in the number of customers and their satisfaction.  Low staff turnover and good financial performance also can be seen as indicators of success.”

The second part of Megaron shares’ issue will take place next year and it will cover approximately 20 percent of the Company’s shares.