NautaDutilh Luxembourg advised, alongside Latham & Watkins and Weil Gotshal, the underwriters JP Morgan, UBS and Bank of America Merrill Lynch, on the EUR 1 billion initial public offering (IPO) of Play on the Warsaw Stock Exchange, which values the company at EUR 4 billion (PLN 16 billion).

Play was listed on 27 July 2017. It is the largest IPO in the telecommunications sector in Europe since June 2015, and one of the five largest ever Polish IPO's. Play was assisted by White & Case and Loyens & Loeff.

Play, Poland's second largest mobile network, has more than 14 million customers and mainly competes against the Polish mobile network operating arms of Deutsche Telekom and France's Orange.

The NautaDutilh team which advised on the transaction included Greet Wilkenhuysen, Josée Weydert, Christophe Joosen, Aline Nassoy, Audrey Derep and Meliha Dacic.