17
Sat, Apr
61 New Articles

White & Case and Rymarz Zdort Advise on Huuuge’s IPO on Warsaw Stock Exchange

White & Case and Rymarz Zdort Advise on Huuuge’s IPO on Warsaw Stock Exchange

Poland
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

White & Case has advised Delaware-based developer and publisher of video games Huuuge on its PLN 1.67 billion initial public offering on the regulated market of the Warsaw Stock Exchange. Rymarz Zdort and Baker & McKenzie advised joint global coordinators and joint bookrunners J.P. Morgan AG, Credit Suisse Securities, and Sociedad De Valores S.A., and lead manager Ipopema Securities S.A.

According to White & Case, the IPO consisted of a primary component of PLN 565 and a secondary placement of PLN 1.1 billion. According to the firm, Huuuge and its shareholders sold 33.32 million shares at PLN 50 per share, which was the maximum price set in the IPO. 

In addition, according to White & Case, “Huuuge is the first US incorporated company to list its shares on the Warsaw Stock Exchange and conduct an international offering to Polish and international investors under Regulation S and to US-qualified institutional buyers under Rule 144A, utilizing recent amendment to the Warsaw Stock Exchange Listing Rules allowing listing of shares offered in reliance on Category 3 of Regulation S and Rule 144A.” 

The White & Case team included Warsaw-based Partner Marcin Studniarek, Counsel Bartosz Smardzewski, and Associates Monika Duzynska, Wanda Kudrycka, Dawid Ksiazek and Michal Truszczynski, London-based Partner Jill Concannon and Counsel Doron Loewinger, and Silicon Valley-based Partner Mia Gez. 

Rymarz Zdort’s team consisted of Partners Marcin Chylinski and Ewa Bober, Counsel Filip Lesniak, and Associates Pawel Mazur and Marta Rykalovska.

Poland Knowledge Partner

Penteris is a law firm combining in-depth expertise, robust advice, and a pan-regional reach.

We provide full-service business law advice within five sector lines: Energy & natural resources, Financial institutions, Private equity, Real estate, and Retail.

On the market since 2001, we were originally part of a Scandinavian law firm and then a founding office of a pan-Baltic organisation.

Our attorneys will work closely with you, providing you with the hard skills, service-minded know-how, and legal expertise that will keep you secure while you lead the market.

Our skills are at your disposal:

  • Expertise and passion wrapped up in a personal service
  • Close-knit team providing a multidisciplinary approach
  • Ability to listen, understand, and deliver for the tangible benefit of the client.

The team continues to be internationally recognised year on year, most recently by Chambers Global 2020, Chambers Europe 2020, and The Legal 500 EMEA 2020.

Firm's website: https://penteris.com

Our Latest Issue