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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
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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

JŠK, advokátní kancelář, s.r.o. (JŠK) is a medium-sized law firm based in Prague providing a comprehensive range of commercial legal advisory services in the Czech Republic. Our team consists of almost 30 lawyers, five of whom are partners with many years of experience from leading international law firms. We advise local and international clients from banking, insurance and various industry sectors, boast a respected projects practice, and work for the public sector at the federal and municipal level.

Ever since it was founded in 2004, JŠK has striven for the epitome of professionalism, expertise and ethical integrity. We continuously seek to surpass what large global law firms can offer and to give our clients a personal approach. All mandates are equally important to us regardless of size as we guide clients through both complex and seemingly routine matters.

Our clients turn to us for advice when implementing their business plans across all areas of commercial law. We are proud members of PONTES: the CEE lawyers, a unique network of law firms through which 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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