The Polish soft drink producer Hoop has announced the revised dates for its IPO as July 28-30.
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The company postponed a planned IPO last week for five million shares at 23-29 zlotys ($5.99-7.56) – valuing it at 342-431 million zlotys – after a financial website accused it of accounting irregularities.
Hoop denied any wrong doing and says it will take legal action against the owner of the site.
The current owner of the company will retain control after the IPO but is planning to allow new shareholders the opportunity to appoint a supervisory board member as well as a number of other measures to improve transparency and minority shareholder protection.
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