Polish software company Transition Technologies MS (TTMS) announced on Monday its intention to conduct an initial public offering (IPO) on the Warsaw Stock Exchange in the coming weeks. The final terms of the offering will be revealed following regulatory approval and will consist entirely of newly issued shares.
CEO Sebastian Sokolowski stated that listing on the Warsaw Stock Exchange is a key strategy for raising capital to support the growth of the TTMS group. He highlighted the company’s focus on developing advanced technologies, including cybersecurity, big data, and cloud computing.
TTMS joins a growing list of Polish firms pursuing IPOs, with convenience store chain Zabka Group and medtech company MediSensonic also planning their debuts on the Polish bourse.
The company operates five subsidiaries across the globe, located in Britain, Malaysia, India, Denmark, and Switzerland. As part of the Transition Technologies group, TTMS is recognized as one of the largest IT entities in Poland.
In 2023, TTMS reported an annual adjusted EBITDA of 30.4 million zlotys (approximately $7.74 million) and revenue exceeding 217 million zlotys. In the first half of 2024, its adjusted core profit increased by 2.3% year-on-year, reaching 13.6 million zlotys.
Looking ahead, TTMS plans to establish a regular dividend policy, aiming to allocate at least half of its annual profits to shareholders, depending on the economic climate. Last year, the company distributed 12 million zlotys to its investors.
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