TAG Immobilien has successfully completed the initial public offering of its Polish subsidiary, Robyg, raising approximately €200 million.
The Hamburg-based residential real estate group placed 37 million shares with investors at a price of 34 zloty each, marking a significant capital raise for the parent company.
1 billion zloty. This figure aligns with the final issue price set by the company, which had previously established a maximum indicative range for the flotation.
The pricing of the shares brings the total value of the Robyg offering to more than 1.1 billion zloty.
This figure aligns with the final issue price set by the company, which had previously established a maximum indicative range for the flotation.
The successful placement indicates strong investor appetite for the Polish residential real estate segment, despite broader market uncertainties.
For TAG Immobilien, the IPO serves as a strategic move to unlock value from its international operations and strengthen its balance sheet.