As part of the IPO of the Polish subsidiary of TAG Immobilien AG (TAG), ROBYG S.A. (ROBYG), the placement price was set at PLN 34 per share.
On the basis of 25 million ROBYG shares sold by TAG as part of the IPO, TAG will receive a gross inflow of approximately PLN 850 million (approximately EUR 200 million), subject to any stabilisation measures after initial trading. ROBYG will receive gross proceeds of approximately PLN 400 million (approximately EUR 95 million) from the cash capital increase as part of the IPO as well as from a further cash capital increase subscribed by members of ROBYG’s management.
In total, this results in an expected gross cash inflow of around PLN 1,250 million (around EUR 295 million) for the TAG Group, which will not only significantly reduce the Group’s leverage ratio, but also form the basis for additional growth.
Martin Thiel, CFO and Co-CEO of TAG, comments: “We are very pleased with the successful share placement in the ROBYG IPO and the strong demand from both Polish and international investors. Ultimately, all of TAG’s business units will benefit from this: in the Polish sales business, ROBYG will be able to acquire further land thanks to the cash inflow from the IPO and the significantly strengthened equity base. At the same time, the placement of shares in both Poland and Germany will provide TAG’s rental business with substantial equity capital for further growth.”
Even after the completion of the IPO, TAG will remain ROBYG’s majority shareholder with around 66% of the shares, thus underlining the long-term strategic nature of its commitment to the Polish residential real estate market. The initial listing of ROBYG shares on the Warsaw Stock Exchange is scheduled for July 2, 2026.
