- Jakub Zablocki sells 8.4 million XTB shares, reducing his stake from 50.9% to 43.78% through an accelerated book-building process.
Jakub Zablocki, co-founder and controlling shareholder of XTB, has significantly reduced his stake in the Poland-based Retail FX and CFDs broker.
Through an accelerated book-building process led by Santander and UBS, Zablocki sold 8.4 million shares of XTB SA at PLN 62.50 each, generating approximately PLN 525 million (USD $135.59 million) before fees and expenses.
This sale marks the third major share sale by Zablocki in the last 18 months, lowering his stake from 50.9% to 43.78%. The remaining shares are under a 180-day lock-up.
XTB shares have risen 78% year-to-date, despite a recent decline of around 10% from their all-time high in May 2024.
