WSE Remains European Leader by Number of IPOs
Warsaw Stock Exchange is the leader by the number of IPOs and Europe’s third market by the value of IPOs in Q2 2012.
According to the latest quarterly PwC IPO Watch Europe report concerning the number and the value of initial public offerings (IPO) on the key European exchanges, the Warsaw Stock Exchange once again ranked #1 in Europe by the number of IPOs. In Q2 2012, there were 33 public offerings on the WSE (including 5 IPOs on the Main Market and 28 IPOs on NewConnect), which represented more than 41 percent of all IPOs on European markets.
By the value of IPOs in Q2 2012, the Warsaw Stock Exchange with € 50m ranked third in Europe after the London Stock Exchange Group (€ 487m) and the Oslo Stock Exchange (€ 61m).
Compared to Q1 2012 (25 IPOs: 4 IPOs on the WSE’s Main Market and 21 IPOs on NewConnect), the number of IPOs increased on both markets of the WSE. However, year on year (55 IPOs in Q2 2011: 13 IPOs on the Main Market and 42 IPOs on NewConnect), the number of IPOs on both markets of the WSE decreased significantly.
The total value of IPOs on the WSE in Q2 2012 was much higher than in Q1 2012 (€ 14m) but over 10 times lower compared to Q2 2011 (€ 603m. The biggest IPO on the WSE in April-June 2012 was the IPO of the clothing producer Solar Company on the Main Market worth € 37.7m, followed by the IPOs of Work Service (€ 7.4m, other services sector) and Mex Polska (€ 2.3m, hotels and restaurants sector). The average value of an IPO on the WSE in Q2 2012 was € 1.8m, more than double the value in Q1 2012 (€ 0.7m).
The most active sector by the number of IPOs in Poland was the new technologies sector with 9 IPOs in Q2 2012 (27 percent of all IPOs), followed by the industrial products and services sector (6 IPOs) and the travel and recreation sector (4 IPOs).
The Warsaw Stock Exchange is the biggest securities exchange in Central and Eastern Europe. The WSE organises trading on one of the most dynamically growing capital markets in Europe. The WSE operates a regulated market of shares and derivative instruments and the alternative stock market NewConnect for growing companies. The WSE is developing Catalyst, a market for issuers of corporate and municipal bonds, as well as an energy market. Since 9 November 2010, the WSE is a public company listed on the Warsaw Stock Exchange.