Rex Concepts Group, which holds the master franchise rights for Burger King and Popeyes in Poland, Czechia and Romania, has unveiled plans for an initial public offering (IPO) and to list its shares on the Warsaw Stock Exchange.
The QSR operator’s management board expects the sale of newly issued shares to generate up to 560m zlotys ($153m) in gross proceeds.
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According to Rex Concepts Group, the capital will be used to drive its “strategic objectives”. This includes funding its existing business plan and expediting the rollout and expansion of its current brands across its present markets.
The proceeds may also be used for potential consolidation moves in Central and Eastern Europe (CEE) markets, the introduction of an additional product category or brand to its line-up, and entry into new territories.
The company’s sole shareholder is currently Luxembourg-incorporated Rex Invest CEE, which is indirectly controlled by McWin Partners.
Rex Concepts Group management board president Olgierd Danielewicz said: “We are pleased to be taking the next step in the company’s development as we prepare for its market debut.
“We believe that the offering and the company’s listing on the Warsaw Stock Exchange will enable us to capitalise on the opportunities available in the public market and deliver our ambitious plans, including the expansion of the Popeyes and Burger King networks to approximately 850 restaurants by 2032, of which more than 700 are expected to be company-operated.
“Our aim is to expand our platform into new markets in Central Europe and gradually expand our portfolio with new brands from the QSR sector.”
Rex Concepts Group was created in 2022, launching with 20 restaurants run directly by the company.
By the end of 2025, the group’s company-operated estate had grown to 159 outlets, including 65 Popeyes units and 94 Burger King sites.
This year, the company plans to open around 70 new restaurants.
