4Fun to go public

Polish pay broadcaster 4Fun Media is to launch an initial public offering next month. The company, which operates premium channels including 4fun.tv and rebel.tv, is set to debut on the Warsaw Stock Exchange on November 9.

Its current owner, Cypriot investment fund Nova Group, is expected to retain a controlling stake of over 63% in the company, which is expected to post revenues of PLN17.5m (€4.4m) for 2010.