Open Finance is seeking to raise $167 million in its initial public offering on the Warsaw Stock Exchange, Bloomberg reports. The consumer financial advisory company controlled by Polish billionaire, Leszek Czarneck, will offer a 46% stake in the company. Getin Noble Bank, owned by Czarnecki’s Getin Holding, will sell 20.5 million shares, while Open Finance will offer an additional 4.25 million new shares. The company seeks to use the proceeds from the offering for acquisitions and expansion.
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