Ing-Grad Plans IPO on Zagreb Exchange to Fuel Expansion
Deal News | Feb 27, 2025 | CEE Legal Matters
Ing-Grad, a construction company based in Croatia, is planning to raise approximately EUR 55 million through an Initial Public Offering (IPO) on the Zagreb Stock Exchange. Savoric & Partners is advising the company on this financial endeavor. Ing-Grad intends to sell 1.2 million treasury shares, with a price range set between EUR 37 and EUR 46 per share, which represents 30% of its total shares. The funds will be allocated towards strategic acquisitions within geotechnical engineering and other specialized construction sectors, as well as enhancing their employee reward system and strengthening their financial position. Details, however, remain limited as Savoric & Partners have not divulged additional information.
Sectors
- Construction
- Financial Services
Geography
- Croatia – Ing-Grad is a Croatian company and the IPO is planned to be on the Zagreb Stock Exchange, which is also based in Croatia.
Industry
- Construction – Ing-Grad is a construction company looking to expand into specialized construction segments such as geotechnical engineering.
- Financial Services – The planned IPO and the advisory role played by Savoric & Partners classify this as part of the financial services industry, specifically related to capital markets.
Financials
- EUR 55 million – The target amount Ing-Grad aims to raise through its IPO by selling 30% of its treasury shares.
- EUR 37 to EUR 46 per share – The price range for the shares being offered in the IPO.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ing-Grad | Target Company | Company | A Croatian construction firm planning an IPO to raise funds for strategic growth. |
| Savoric & Partners | Legal Advisor | Company | A law firm advising Ing-Grad on its IPO. |