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PRK Partners Advises UDI CEE on Listing of Shares on Prague Stock Exchange's Start Market

PRK Partners Advises UDI CEE on Listing of Shares on Prague Stock Exchange's Start Market

Czech Republic

PRK Partners has advised the Czech Republic's UDI CEE a.s. in the process of listing of its shares on the non-regulated Start market organized by the Prague Stock Exchange.

According to the PSE, "Start is a market for small innovative companies worth more than EUR 1 million that want to raise new capital or whose owners want to withdraw partially or completely from the current business to capitalize their existing activities. The advantage of Start over other similar markets in Europe is minimal costs for the issuer. The price of new capital is therefore competitive compared to any other form of funding or exit." PRK Partners advised the PSE in connection with the establishment of the market/selling platform.

UDI CEE a.s., a member of the Czech Republic's UDI Group, issued a total of 587,000 shares at a price of CZK 440 per share. The company thus raised a total of CZK 258.3 million - the largest initial public offering by an SME firm on the new Start market/selling platform to date. 

The PRK Partners team consisted of Partner Martin Aschenbrenner and Senior Associate Jan Ditrych.

Czech Republic Knowledge Partner

Since its founding in 2004, we have endeavoured to make our law firm the epitome of professionalism, expertise and ethical integrity. We continuously strive to go beyond what large global law firms can offer and to add a personal approach when working with our clients. We do not distinguish between major and minor tasks; we offer clear answers in both complex and seemingly routine matters.

We help our clients implement their business plans by advising them across all areas of commercial law. Through a unique network of law firms, PONTES: the CEE lawyers, we provide services not only in the Czech Republic but also in Austria, Bulgaria, Hungary, Poland, Romania and Slovakia.

Firm's website: http://www.jsk.cz/

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