STS Group, a capital group headed by STS Holding S.A., the largest sports betting operator in Poland with leading proprietary technology, has announced the debut of the Company’s shares on the regulated market operated by the Warsaw Stock Exchange.
The total value of the Offering is PLN 1.1 billion, while the market capitalisation of the Company as a result of the Final Price for the Offer Shares is PLN 3.6 billion.
The investors acquired 46,874,998 shares, constituting 30% of the share capital of STS Holding S.A. The average reduction rate for subscriptions placed by Retail Investors was 87.2%. Mateusz Juroszek, together with his family, retains a 70% shareholding in the Company.
The Group is the largest licensed bookmaker in Poland based on turnover, and also operates on an international scale through licenses in the UK and Estonia, from where it offers its services in several additional markets. The Group’s portfolio of services includes sports betting, virtual sports, an online casino (outside of Poland), BetGames and a wide range of betting services relating to esports.
“The first day of listing of STS Holding shares on the Warsaw Stock Exchange is the culmination of many months of hard work of our entire team, together with our partners who supported us through this process. The stock exchange is a place for market leaders and our family businesses. After years of intensive organic growth, STS Group is fully ready for the new chapter – being a public company. We welcome our diversified group of global investors and believe that we will jointly develop the Group so that we not only continue to grow dynamically in Poland, but also increase further the scale of operations and brand recognition in international markets,” Mateusz Juroszek, President of the Management Board of STS Holding, said.
“We are delighted to have achieved our strategic goal of an IPO on the WSE and the strong investor demand we saw through the IPO demonstrated the quality of our business. Now we are focused on further increasing the value of the Company for all shareholders. Our unique business model and highly developed strategy will continue to strengthen our position as a leader in the sports betting industry,” Mateusz Juroszek added.