CK Legal has advised Answear.com on its PLN 29 million secondary public offering on the Warsaw Stock Exchange.
According to the firm, "Answear.com has successfully conducted an offering of series L shares exempt from the obligation to publish a prospectus and allocated all offered shares at the issue price set at PLN 29." mBank was responsible for organizing and conducting the offering of shares.
Answear.com is an e-commerce store offering a selection of clothing, shoes, and accessories from over 700 global brands. It currently operates in 11 markets in CEE. According to CK Legal, the funds raised will be used to develop the company's PRM brand, including expanding the product offer, opening and developing operations in new markets, and marketing expenses related to acquiring new customers and rebranding.
The CK Legal team included Founding Partner Wojciech Chabasiewicz, Head of Capital Markets Anita Gwozdz, Senior Associate Karolina Fieluba, and Junior Associate Elzbieta Konopelska-Bibro.