"We are waiting with the Cyfrowy Polsat offer for stabilisation on the financial markets, as the company is not in a hurry," Libicki said in a report published March 6. "We can see some stabilisation currently and if this trend holds, then the public offer could be conducted soon."

He added, "Our shares will be offered in Europe. We are also thinking about a global offer. Whether and where else our shares will be offered will depend largely on investors' interest."

While the CEO would not comment on the size of the issue, press reports put it at 1 billion to 1.5 billion zloties (€283.6 million to €425.5 million), which would make it one of the largest in the history of the WSE.

Cyfrowy Polsat's prospectus has already been approved by Poland's market regulators, but market instability has kept the company from fixing a precise debut date.