Warsaw Stock Exchange – Leading in Europe in Terms of IPOs
Posted January 11th, 2010 in Outsourcing IT by Wojtek GurgulPGS Software is listed on NewConnect – the market regulated by Warsaw Stock Exchange. This has given us transparency and visibility which is a good argument for our clients. We did not really need extra funds, and that is why only small number of shares is publicly traded. Unfortunately that means that the liquidity is on the minimal level. We will try to do something about it. Anyway I’m happy to attach some information about how Polish Exchange is doing. I think it’s a great achievement and shows again the power of the Polish Economy.
From WSE Press Release:
The Warsaw Stock Exchange is in the first place among European stock exchanges in terms of the number of newly listed companies in 2009, according to the latest IPO Watch Europe report prepared by PwC. The first time in its history, the Warsaw bourse takes the top position.
“The Polish capital market becomes one of the barometers and instruments of European economy development. Large transactions carried out through the Warsaw Stock Exchange, both as initial and secondary public offerings, support that statement” – Ludwik Sobolewski, WSE President, comments the recent PwC report.
According to the latest IPO Watch Europe report prepared by PricewaterhouseCoopers (PwC), Warsaw is in the top position in terms of the number of IPOs not only in the CEE region, but also compared to such established exchanges as NYSE-Euronext, Nasdaq-OMX or Deutsche Boerse. The WSE already occupied high, runner-up, positions in 2008 and 2007 but it is the first time in its history that the Warsaw bourse is in the top spot in the IPO Watch report. In terms of the IPOs value in 2009, the WSE is the third largest exchange in Europe.
The WSE’s high position regarding primary market activity is a result of both a large value of shares subscribed by investors and a high number of new listings. The PwC report has been compiled for years following the same methodology. The fact that the WSE has been advancing systematically in recent years towards the top position in European rankings proves how effective, significant and recession-proof the WSE is as a mechanism of raising equity.
WSE’s high position in 2009 is a result, among others, of the PGE (Polska Grupa Energetyczna) offering (first listing: Nov. 6) which was the largest IPO in Europe in the fourth quarter.
Tags: NewConnect, Poland, Stock Exchange, WSA
