The Polish thematic channel broadcaster 4Fun Media is now likely to make its debut on the Warsaw Stock Exchange on November 9.
Rzeczpospolita reports that its owners have published forecasts of the company’s results for 2010 that push the cost of the shares in the upcoming offer up from PLN14-17 (€3.5-4.3) to PLN16-20 each. This would see it make PLN13.5 million rather than the previously projected PLN11.2 million from the floatation.
4Fun Media also projects that its revenues for this year are likely to be PLN17.5 million, or almost 30% more than a year earlier. Its EBITDA will meanwhile be PLN6.95 million and net profit PLN4.06 million.
4Fun Media operates the youth channels 4fun.tv and rebel.tv. By going public it hopes to acquire new formats and launch a further channel, targeting a broad young audience, sometime next year.
4Fun Media currently lists the Nova Group (63.26%), which is registered in Cyprus, and Golden Finance Investments Limited (12.50%) as its main shareholders.
