Our portfolio company XTPL successfully closed the share subscription, which price was set at PLN 66 in the book building process. Polish and foreign investment funds found themselves in the shareholding of the company. Demand of individual clients was more than 13 times larger than the number of shares available, which translated into a 93% reduction. The company raised PLN 10 million for the commercialization of its technology.
– We are very pleased with the high interest in our company’s shares. We have managed to build a diverse shareholder base, including foreign investors, which is what we strived to achieve. Now we focus on what is most important to us, that is, the development of our business. We have just started working with Canadian company Wise Device Inc. on adapting our technology for display defect repair happening in the production process – explains Dr. Filip Granek, CEO of XTPL.
XTPL plans to debut on NewConnect in August this year.