Poland-based sports betting operator STS Group has announced the debut of the company’s shares on the Warsaw Stock Exchange.
The total value of the offering is approximately PLN1.1bn (€238.2m), while the company’s capitalisation resulting from the final price of the offered shares is approximately PLN3.6bn.
Investors acquired approximately 46.9m shares, representing 30% of the share capital of parent company STS Holding. CEO Mateusz Juroszek and his family maintain 70% of the shareholding in the company.
STS claims to be the largest bookmaker in terms of revenue in Poland, and also operates internationally thanks to licences in Great Britain and Estonia. In addition to sports betting, the operator offers virtual sports, online casino and esports betting.
“The first day of listing of STS Holding shares on the Warsaw Stock Exchange is the culmination of many months of hard work of the entire team of the group and our partners who supported us in this demanding process,” said Juroszek.
“The stock exchange is the place of market leaders and our family businesses. After years of intense organic growth, the STS Group is fully ready for the new chapter of being a public company.
“We welcome a diversified group of investors from all over the world. We believe that we will jointly develop the group so that it not only continues to dynamically grow in Poland, but also increases the scale of operations and recognition on international markets.”