Second e-commerce company has successfully entered the START market

Bezvavlasy, a.s. today completed its IPO. Trading in the company’s shares will commence on September 7, 2022, at a price of 490 CZK per share. A total of 112,700 thousand was raised from investors.

The Initial Public Offering (IPO) of Bezvavlasy, a.s. (ISIN CZ0009011920), the second largest online retailer of hair cosmetics in the country, was completed today. The owners were selling existing shares and the minimum order size (lot) was set at 40 shares.

A 30% stake was available in the public offering at a price range of CZK 490 to CZK 630 per share. The issue was oversubscribed, however, the owners decided to exercise the option not to sell all the offered shares, which is allowed by the prospectus of the public offering. At the lower price level, they sold 230,000 shares, which is 77% of the originally intended volume. The value of the company is CZK 490 million. The owners of the company received the amount of CZK 112,700,000 from investors.

Trading in the new issue with ticker assigned BEZVA.PR will commence on 7 September 2022 in the regular daily auction on the START market. The auction of issues on the START market takes place daily from 9:00 to 12:30.