Transition Technologies MS (TTMS) suspends its public offering due to unfavorable market conditions.
– We thank all individual investors and especially our employees for their trust. Subscriptions in the individual allotment significantly exceeded its dedicated portion of the offer and surpassed by over 2.5 times the expected number of shares in this tranche. We take this as a sign of confidence towards TTMS and our strategy. However, the deteriorating investor sentiment on the stock market recently has resulted in an unsatisfactory price levels in the bids made by institutional investors – says Sebastian Sokolowski, CEO of TTMS. – We made the decision to suspend the company’s stock market debut process. However, this does not affect our strategy which we intend to carry out consistently. We are focusing on making the next acquisition in the Western European market. We will continue to monitor the market situation in order to return to the offer at a company-friendly time. Once again, thank you to everyone who supported us in the process of preparing the company for entry into the capital market – adds the CEO of TTMS.
In accordance with the prospectus and supplement no. 2, subscriptions made by individual investors have been canceled, and the funds paid for the offered shares will be refunded.
Source: https://managerplus.pl/transition-technologies-ms-ttms-zawiesza-oferte-publiczna-98050
