Share issues (IPO) and bond issues are becoming an alternative to bank financing or M&A. In 2018 - 2025, we implemented transactions for a total of CZK 3.179 billion. We are the most important authorized advisor and analyst for the PX START market of the Prague Stock Exchange, which we jointly launched in 2017.
3.179
billions of Czech crowns volume of transactions
7
successful IPO transactions
We have already completed 7 successful IPOs and several other secondary offerings on the PX START market of the Prague Stock Exchange, with a total volume of CZK 1.7 billion. We have also helped, for example, with the implementation of 2 bond issues listed on the Regulated Market of the Prague Stock Exchange with a volume of CZK 550 million, as well as M&A with a volume of CZK 530 million.
SME Awards
2023 & 2024
We are the holders of the prestigious European SME Awards 2023. The STARTEEPO Group received the award from the European Commission for its contributions to building the capital market in Czechia. In 2024, the SME Awards 2024 award was added, which was won by the IPO of mmcité we are preparing.
STARTEEPO received the Most Active Advisor award from the Prague Stock Exchange in 2023 on the occasion of the 5th anniversary of the PX START market.
WHY GO PUBLIC?
CAPITAL MARKET:
360° SOLUTIONS FOR
YOUR BUSINESS
Listing on the stock exchange offers a unique way to finance your business and shape its future.
In some situations, an IPO or a bond issue may be the right solution.
"There are no small and large IPOs. Only successful and unsuccessful ones."
Frantisek Bostl, STARTEEPO
Easy and cheap access to financing
Capital increase
Debt reduction
Debt refinancing
Sale or transfer of the company
Partial exit
Complete exit
Generational change and succession
Brand reinforcement
Gaining credibility
Greater transparency
Significant media attention
You are not alone
Separation of ownership and control
Employee shares
Shareholder loyalty program
Investor feedback as a valuable source of information
IT ALL STARTS WITH A CONSULTATION
Schedule a free consultation and let’s find the right solution for you.
OUR IPO REFERENCES
Genuine Czech manufacturing and
DESIGN WORTH BILLIONS IS CONQUERING THE WORLD.
David Karasek
majority shareholder of mmcité
In 2023, mmcité a.s., a global manufacturer of street furniture, entered the PX START market with our support. As part of a very successful IPO, we raised new capital in the amount of CZK 160 million, which the company used to acquire the Kovostal production plant and for related investments in expanding production capacities and new technologies. The issue was more than 2x oversubscribed and is one of our most successful transactions.
The mmcité IPO, which we prepared, received an award from the European Commission in 2024 as part of the SME Awards 2024. In the Rising star category, mmcité has won against tough competition from companies from all over Europe. The award was reported by, for example, Seznam Zpravy.
From humble beginnings...
IT CAN EVOLVE INTO A MAJOR AND UNIQUE BUSINESS.
Jakub Hemerka
CFO of KARO Leather
One of our clients is the KARO Leather group, which processes leather for European furniture manufacturers. In 2019 - 2025, we helped KARO raise CZK 701 million from the sale of shares through an IPO and several secondary public offerings (SPO). We also assisted in securing several loans totaling CZK 286 million.
Thanks to us, the KARO Leather group received a total of CZK 987 million, which was largely used to acquire the premises of the Snaha leather cooperative in Brtnice, build a production hall including equipment in Brtnice, and modernize the premises in Borsov at a total cost of almost CZK 500 million. In 2026, we helped the company move from the Start Market to the prestigious main market of the Prague Stock Exchange, Prime Market.
In roughly six years since its IPO, KARO Leather has increased its stock-market value tenfold and its EBITDA fivefold, while delivering a return of more than 325% to investors. The company is a strong example of how the stock market can accelerate growth across an entire business.
In 2019, we prepared a secured bond issue in the volume of CZK 100 million for the Czech manufacturer of door handles and frames from Dobruska, M&T 1997 (yield 5.2%, maturity 3 to 5 years, traded on the Prague Stock Exchange). We subsequently worked as an advisor on the IPO on the START market in the volume of CZK 119 million.
The second largest distributor of hair cosmetics in Czechia, which also operates in other European markets, entered the Prague Stock Exchange with us in September 2022. The aim was to support ongoing investment in new e-commerce platforms, a new pan-European distribution centre, and stronger brand awareness. During the IPO, shares were sold through a private and public offering for a total of CZK 130 million. In 2023, as an M&A advisor, we managed the acquisition of the HAIR SERVIS distribution group for Bezvavlasy in the amount of CZK 530 million.
The oldest and largest Czech footwear manufacturer Prabos from Slavicin headed to the stock exchange with us in 2018. We helped Jaroslav Palat to make a partial exit in 2018 - 2020, when his share decreased from 50 to 25% and he collected a total of CZK 101 million for his shares. Mr. Palat then sold the remaining 25% to the majority owner Juraj Vozar in 2022, who increased his share to 75.06%.
eMan is a Prague-based software development company focused on custom software. The company entered the START market in 2020. Despite the COVID-19 pandemic, the share offering was oversubscribed by 111%, raising a total of CZK 49 million to repay its buyout loan.
The UDI development group successfully placed 37% of the shares of its project company UDI CEE with us on the START market in 2018, worth CZK 258 million. The shares were subsequently bought back from investors 3 years after the IPO (yield 9.2%) and delisted from the stock exchange. UDI used the entry into the stock exchange to build the Ostredek logistics center on highway D1.
