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K&L Gates and CMS Advise on Venture Inc IPO

K&L Gates and CMS Advise on Venture Inc IPO


K&L Gates has advised Trigon Brokerage S.A., offerer and book runner, upon the IPO of Venture Inc S.A. and its introduction to trading on the Warsaw Stock Exchange. CMS advised Venture Inc.

According to K&L Gates, "Venture Inc. operates in the form of a venture capital fund investing mainly in projects that have the potential for very dynamic development and entry into global markets. The area of its investment is primarily biotechnology and IT. Debut of the company on the regulated market took place on November 6, 2017 and the value of the IPO amounted to PLN 30 million. The funds raised in the offer are intended to be used to expand the investment portfolio, to increase the shareholding in key portfolio companies; and investments through governmental equity support programs for venture capital investors investing in early the stages of development. The offer was addressed to selected individual investors. All 15 million shares were allocated at the price of PLN 2 per share were taken up in the offering. The offering was combined with the transfer of stock quotes from NewConnect to the main market of the Warsaw Stock Exchange."

According to CMS, "Venture Inc had been previously listed on NewConnect, and its debut on the WSE’s main market was the fifth transfer from NewConnect in 2017."

"Venture Inc. is a company run by ambitious and competent people," commented K&L Gates Partner Michal Pawlowski, who co-led the firm's team along with Counsel Rafal Wozniak "We are pleased to be able to assist Trigon Brokerage House on this project." Wozniak added that, "the example of Venture Inc. shows that the NewConnect market can be a development platform for well managed and ambitious companies."

The CMS team advising Venture Inc on the IPO included Associate Magdalena Trzepizur and lawyer Karolina Stepaniuk.

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