UPDATE 1-Polish WP Holding sets maximum price in IPO at 37 zlotys/share

April 14, 2015 10:03 AM

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WARSAW, April 14 (Reuters) - Polish online media group Wirtualna Polska Holding (WP Holding) set the maximum price in its initial public offering (IPO) at 37 zlotys per share, potentially valuing the owner of Poland's largest web portal at more than 1 billion zlotys ($263 million).

The company plans to debut on the Warsaw exchange in May and expects to raise 80-100 million zlotys from the sale of new shares, 50-80 million of which is to be spent on takeovers.

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