Grupa Smyk (Ticker: Pending) is a Poland-domiciled retailer of children’s clothing, toys and accessories operating about 290 stores across Poland, Ukraine, Romania and Slovakia. Smyk is expected to list on the Warsaw Stock Exchange on November 7, 2025, offering up to 13.6 million new shares (primary) and up to 18.4 million existing shares (secondary). The retail subscription cap is PLN 13 per share; the final price is due on or around October 30. The IPO is expected to raise about PLN 389 million ($107 million) in total, including up to PLN 150 million ($41 million) of primary proceeds. Smyk will use primary proceeds to repay debt and fund international expansion. The offering includes a sell-down by sole shareholder AMC V Gandalf/Accession Capital Partners and CEO Michał Grom following last year’s management buyout. Global coordinators include Barclays, UniCredit and Pekao Investment Banking.