Rymarz Zdort Maruta advises ROBYG on its IPO and return to the Warsaw Stock Exchange

We are pleased to announce that we advised ROBYG S.A. and its majority shareholder, TAG Immobilien AG, in connection with the initial public offering (IPO) of the Company’s shares addressed to retail and institutional investors in Poland, to selected qualified institutional buyers in the United States of America in reliance on Rule 144A under the U.S. Securities Act, and to selected foreign institutional investors outside the United States of America in reliance on Regulation S under the U.S. Securities Act, as well as in connection with the admission and introduction of the shares in ROBYG S.A. to trading on the regulated market operated by the Warsaw Stock Exchange (Giełda Papierów Wartościowych w Warszawie S.A.).

The value of the public offering carried out as part of the listing amounted to approximately PLN 1.178 billion (EUR 274 million). The offering comprised 25 million existing shares held by TAG Beteiligungs- und Immobilienverwaltungs GmbH, a wholly-owned subsidiary of TAG Immobilien AG, and approximately 9.6 million newly issued shares in ROBYG S.A.

ROBYG is a leading residential developer in Poland. The Company has been operating on the Polish market for 26 years and carries out projects in the country’s largest urban agglomerations, including Warsaw, the Tri-City, Wrocław, Poznań, Łódź and Kraków. The Company was listed on the Warsaw Stock Exchange from 2010 to 2018.

TAG Immobilien AG is a real estate company listed on the Frankfurt Stock Exchange, included in the MDAX index, which comprises the largest German mid-cap companies, and is one of the largest private residential companies in Germany.

The work of the firm’s team was led by Paweł Zdort (managing partner) and Filip Leśniak (partner). The team consisted of: Maciej Kowalski (senior associate), Hanna Szczepańska-Rowicka (associate), Bartłomiej Skwarliński (associate) and Michał Burgieł (associate). We would also like to sincerely thank Freshfields LLP, in particular Doug Smith (partner) and Mitchell Howell (associate), for their cooperation.