European drone maker WB Electronics eyes €7bn IPO

✦ Meridian Analysis

Polish drone manufacturer WBElectronics has moved from internal planning to the public‑market phase, having formally launched a process to assess an initial public offering in Warsaw. The company is now inviting banks to submit pitches to act as joint global coordinators and book‑runners, with a target listing slated for next year. As the issuer, WBElectronics will seek to raise equity from institutional and retail investors, while the banks will structure the offering, set the price band and manage regulatory filings. No pricing, valuation or lead‑underwriter has been disclosed, and the transaction remains at the rumour stage pending the outcome of the bank selection and any required approvals from the Polish Financial Supervision Authority. Deal professionals will be watching for the appointment of advisers, the size and composition of the financing package, and the exact timeline for regulatory clearance. The price range, implied multiple and any anchor investor commitments have not been disclosed, and the extent of any lock‑up provisions or secondary‑sale components will be critical to assess the IPO’s ultimate impact on WBElectronics’ capital structure.

The Meridian Weekly