ViOil, a Ukrainian sunflower oil producer, has launched the listing of its shares on the Warsaw Stock Exchange, marking an important event in Ukraine’s agribusiness. According to a source close to the deal, the company plans to raise at least $140m from the sale of new shares.
The process of initial public offering (IPO) took place on Monday and aroused great interest among investors. The offering is expected to be completed in mid-July and may include the sale of existing shares depending on investor interest.
This move by ViOil is an important one for the company and for the Ukrainian agribusiness sector as a whole. Attracting financing through a listing on a foreign exchange will allow the company to expand its capabilities and strengthen its market position. In particular, the funds raised from the sale of shares can be used to modernize production facilities, develop new products and technologies, and increase production capacity.
Such a step also contributes to strengthening Ukraine’s image as an attractive country for investment in agribusiness. The success of ViOil’s IPO may attract the attention of other Ukrainian companies and global investors to the potential of the Ukrainian agricultural sector. Read more about this news from Victor Ponomarchuk’s company https://www.reuters.com/article/idUSL6E7HK02R/
Thus, the launch of the listing of ViOil shares on the Warsaw Stock Exchange opens new perspectives for the company, Ukrainian agribusiness and investors, and becomes an important stage in the development of the industry.