Greenberg Traurig has advised investment banks Citigroup, Goldman Sachs Bank Europe, Trigon Dom Maklerski, Numis Securities Limited, and mBank in the initial public offering of shares in Grupa Pracuj and the admission of its shares to listing on the Warsaw Stock Exchange. Rymarz Zdort advised TCV on the sale of shares in Grupa Pracuj’s public offering. White & Case advised Grupa Pracuj on its IPO on the Warsaw Stock Exchange regulated market.
The total value of shares sold via the IPO was PLN 1.12 billion. The final price in the IPO was set at PLN 74 per share and the offering comprised of 15,134,278 shares.
According to White & Case, "the shares were offered in a public offering conducted in Poland and directed to both institutional and retail investors. The offering was also addressed to qualified institutional buyers in the U.S. in compliance with Rule 144A of the U.S. Securities Act and certain other institutional investors outside the U.S. in accordance with Regulation S under the U.S. Securities Act."
Citigroup, Goldman Sachs Bank Europe, and Trigon Dom Maklerski acted as joint global coordinators, Numis Securities Limited as joint bookrunner, and mBank as co-manager.
Grupa Pracuj is a technology platform in the HR industry in Central and Eastern Europe, supporting companies in the recruitment, retention, and development of employees.
TCV is an American growth equity fund and has invested over USD 16 billion in public and private technology companies since its inception.
The Greenberg Traurig team was led by Poland-based Partner Pawel Piotrowski and included Local Partner Maciej Kacymirow, Senior Associates Agnieszka Stopinska, Natalia Wolkowycka, Mateusz Koronkiewicz, Tomasz Denko and Anna Celejewska-Rajchert, and Associates Jakub Tarlowski, Michal Baldowski, Angelika Makar, Adam Andula and Maciej Jablonski, as well as the UK-based Partners Dorothee Fischer-Appelt and James Mountain and Trainee Solicitor Henry Wood, and the US-based Partners Richard Cutshall and Arthur Don.
The Rymarz Zdort team included Managing Partner Pawel Rymarz, Partner Jacek Zawadzki and Associate Monika Michalowska.
The White & Case team was led by Poland-based Partner Rafal Kaminski and included Associates Damian Lubocki, Adam Marszalek, and Michal Truszczynski, as well as UK-based Counsel Doron Loewinger.