We have commenced cooperation with the Polish-French Chamber of Commerce (CCIP) and have established a French Desk
23 February 2024
22 February 2021
Rymarz Zdort advised Credit Suisse Securities, Sociedad de Valores, S.A. and J.P. Morgan AG, joint global coordinators and joint bookrunners, and IPOPEMA Securities S.A., a joint bookrunner, on the IPO of Huuuge, Inc. ( “Huuuge” or the “Company”) and on the admission and the introduction of the shares in Huuuge, Inc. to trading on the regulated market of the Warsaw Stock Exchange (the “WSE”), (“Offering”).
The company is a global producer of free-to-play games and publisher of on-line games for mobile devices and internet platforms. Huuuge’s consolidated revenues grew by an average of 30.6% per annum (CAGR) in the 2017-2019 period.
Huuuge, Inc.’s Offering is the largest IPO of a gaming company in the history of the WSE in terms of value. The IPO’s total value was PLN 1.67 billion (approximately USD 442 million). The Offering comprised public subscription of the Company’s newly issued shares of PLN 565 million, and public sale of existing shares of PLN 1.1 billion. The Company’s market capitalization, based on the final price of the offer shares, amounts to PLN 4.2 billion (approximately USD 1.1 billion).
The Offering consisted of a public offering to retail investors and institutional investors in Poland in accordance with Regulation S under the U.S. Securities Act of 1933 and an international offering combining an offering in the United States of America to qualified institutional buyers reliance on Rule 144A under the U.S. Securities Act of 1933 and an offering to certain institutional investors outside of the United States of America and Poland in accordance with Regulation S.
“IPO of Huuuge, Inc. is the largest IPO in the history of the gaming industry in Poland. Legal support for this transaction, due to the global nature of the company’s operations and the company’s headquarters (Delaware, USA), required solving a number of precedent problems and close coordination of the work of legal advisers from several jurisdictions. We are proud to have been able to support Credit Suisse Sociedad de Valores, S.A., J.P. Morgan AG and IPOPEMA Securities with our knowledge and experience in this interesting, important and precedent transaction in an industry that is so important for the Polish capital market and the Polish economy” said Marcin Chyliński, attorney-at-law, partner in the corporate department.
The team advising on the transaction was headed by partner Marcin Chyliński, with the support of corporate lawyers: Filip Leśniak, counsel leading and coordinating all of the work related to the transaction; Ewa Bober, partner; Dr Paweł Mazur, associate; and Marta Rykalovska, associate.
23 February 2024
20 February 2024
We are pleased to announce that Rymarz Zdort Maruta advised Bank Polska Kasa Opieki S.A. on the financing for the construction of 28 PV farms located in Poland. The financing is provided to the subsid...
19 February 2024
We are pleased to announce that we advised the shareholders of CloudFerro S.A., a leading provider of cloud services to the European space sector, on the sale of a minority stake to Innova Capital. As...