Polish Debt Collector Goes Public

http://www.insidearm.com/news/00012386-polish-debt-collector-goes-public/

Polish debt collector Kredyt Inkaso rose 25% to roughly $5.45 per share on its Warsaw Stock Exchange debut Monday.

The move raised a little over $5 million for the company, Kreydt said in a news release, "which will fund the company’s development strategy."

Kredyt Inkaso said it also plans to boost the number of purchased liabilities and introduced new products to meet offers by its peers.

The company sold 1.25 mln B-series shares to institutional and retail investors, with 875,000 going to the former and 375,000 to the latter.

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