Sep 26, 2005. /Lesprom Network/. Polish privately-owned wood flooring producer Barlinek raised PLN 161 million ($49.9 million) in its initial public offering, carried out on September 22, 2005. Barlinek offered the shares at a price of PLN 7.3 ($2.3) per share, but their trading price reached PLN 8.45 ($2.6). Barlinek sold 22 million shares in the IPO, including eight million new shares, which comprise 25% of the company's equity capital. Barlinek offered 5.5 million shares to individual investors. Barlinek plans to use the proceeds from the IPO for new investments. The company seeks to build a floor board factory in Russia or Ukraine. After the launch of the new facility Barlinek annual production capacity will increase to 8.0 million square meters of floor boards. Barlinek is majority owned by Polish businessman Michal Solowow.