News: Žito on the Zagreb Stock Exchange

Žito Shares Officially Listed on the Zagreb Stock Exchange - Largest Private IPO in Croatia

A ceremonial event was held at the Zagreb Stock Exchange to mark the listing and start of trading of Žito’s shares.

A total of 25,607,675 ordinary shares (ISIN: HRZTOSRB0002, ticker: ZITO) have been listed on the Official Market of the Zagreb Stock Exchange, with trading officially beginning today.

In a successfully conducted initial public offering (IPO), 6,403,950 shares were allocated to investors at a final price of EUR 20.30 per share. The total amount raised was EUR 130,000,185, making Žito’s IPO the largest IPO by a privately owned company in Croatia.



Going public is a major step for the Žito Group, and we are proud that both our employees and investors have recognized the value of the company. I’m confident we will further develop and expand our business together. We have ambitious plans to ensure growth and development for Žito Group and the region, said Marko Pipunić, President of the Management Board of Žito Group.

This IPO is not only the largest by a private company in the Croatian market but also the largest across most markets in the region.

We are proud that more than 300 of our employees, over 4,100 small investors from all Croatian counties, and 27 qualified investors participated in the IPO. Following the successful IPO and listing on the Zagreb Stock Exchange, we are entering a new investment cycle with plans to invest an additional EUR 105 million, enabling further growth through acquisitions and organic development, capacity expansion, efficiency improvement, and cost reduction, said Jozo Ljubičić, CFO of Žito Group.

The Zagreb Stock Exchange continuously works on fostering a favorable environment for new listings, and we are pleased to welcome Žito as a new member of our exchange community, said Ivana Gažić, President of the Zagreb Stock Exchange Management Board. The listing of Žito’s shares is a major step for the domestic capital market, especially given the strong interest from small investors, which confirms the growing trust and involvement of citizens in the capital market. We’re particularly happy that this company is based in Slavonia - a region with significant economic potential that deserves greater investment representation.

This milestone IPO, which gained the strong trust of both institutional and retail investors, opens a new chapter for Žito Group and gives momentum to the domestic capital market and the broader Croatian economy, said Aleksandra Rašić, Member of the Management Board of Zagrebačka Banka for Corporate Banking, which acted as the sole offering and listing agent for the IPO.

From today onward, Žito is not only accountable to itself and its employees but also to 4,500 new shareholders. This IPO is not just a financial success but also an institutional transformation that many Croatian companies sorely need. That’s why the Croatian Government is committed to strengthening the capital market, and I hope other companies will see going public as a logical and desirable step in their development, said Marko Primorac, Deputy Prime Minister and Minister of Finance.

Žito Group is the leading agri-food group in Slavonia and a national leader in the sector. It manages 21,300 hectares of arable land and cooperates with 3,300 partners cultivating an additional 66,000 hectares. Domestically, it is the largest egg producer, a leader in oilseed processing, and the second-largest pork producer in Croatia.

(Photo: Matija Habljak/PIXSELL)