XTB's Founder Sold Another 8% of the Broker for About $410 Million at an 8% Discount
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5 Articles
XTB Lost Heavily, but the Decline Has Slowed Down. The Reason Is a Sudden Decision by a Shareholder.
XTB's share price is recovering after Thursday's share sale by its main shareholder. See why the price fell and what's next for the listed broker.
XTB's Founder Sold Another 8% of the Broker for About $410 Million at an 8% Discount
XTB co-founder Jakub Zabłocki's holding company has sold another 8% of the Warsaw-listed broker, completing the latest in a series of large accelerated share placements stretching back to 2023. XX ZW Investment Group sold 9,405,540 XTB shares through an accelerated bookbuilding process completed on September 2. The shares were priced at PLN 160 each, putting the gross value of the transaction at approximately PLN 1.505 billion, or about $410 mil…
Déjà Vu at XTB: Founder Jakub Zabłocki Cashes In $410 Million More
Warsaw-listed CFD broker XTB confirmed yesterday (Wednesday) that its largest shareholder completed a sale of company stock through an accelerated bookbuilding process, the latest in a series of reductions stretching back three years.XX ZW Investment Group S.A., a Luxembourg-registered investment vehicle majority owned by XTB co-founder Jakub Zabłocki, sold 9,405,540 ordinary bearer shares, equal to 8% of XTB's share capital and voting rights. T…
A vehicle associated with Jakub Zabłocki has put over 8% of the shares of fintech company XTB up for sale. It plans to liquidate the shares through an accelerated bookbuilding (ABB).
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