Robyg, the Polish subsidiary of real estate firm TAG Immobilien, is planning an initial public offering on the Warsaw Stock Exchange. The company intends to float both new and existing shares, Robyg announced on Monday. Through the issuance of new stock, Robyg expects to generate gross proceeds of approximately 400 million zloty (around 94 million euros). The funds are earmarked for further growth, specifically for land acquisitions. Up to ten percent of the shares on offer are to be allocated to retail investors. The IPO is being coordinated by Erste Group, Goldman Sachs, and mBank, among others.

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