The initial public offer (IPO) of shares on the regulated capital market is the most complex form of financing a company characterized by high costs, but in addition to financial, it also brings other benefits for all stakeholders. Numerous financial and other experts and institutions participate in this process, which can take up to a year, providing advisory, financial and other services in order to assess the value of the issuer and the success of the offering process. An important factor in the success of entire process is the situation on the capital market, which in the observed period was marked by turbulence caused by the global health and consequently economic crisis in 2020. In that year, Ciak Grupa d.d. initiates recapitalization process by issuing new shares on the Croatian capital market, diluting the previous ownership structure. One of the objectives of this thesis is the business analysis of selected company before the recapitalization based on publicly available data, which concluded that the process of issuing shares began with a high chance of success. The issue of new shares was carried out at the lower acceptable level of the share price range as a consequence of the capital market situation at the time, but it was rated as successful. Also, the Group started a new investment cycle with the collected capital to determine market position through acquisitions and investments in production resources.