- The Warsaw Stock Exchange ranks first in Europe by the number of IPOs and third by the value of IPOs
- Six foreign issuers were newly listed on the WSE’s two markets in Q2
- Record-high number of IPOs on NewConnect
The Warsaw Stock Exchange ranked first in Europe by the number of IPOs in both Q1 and Q2 2011 (in aggregate on the regulated and the alternative stock market) according to the latest IPO Watch Europe report published by PricewaterhouseCoopers (Table 1).
In total, no less than 55 companies were newly listed on the WSE Main Market (13) and NewConnect (42). This is the best quarterly result in the history of the Warsaw Stock Exchange and 10 more new listings than the record-high number in the previous quarter.
As measured by the value of IPOs in Q2 2011, the Warsaw Stock Exchange ranked third in Europe after the London Stock Exchange and Deutsche Börse but ahead of the Oslo Stock Exchange.
New listings on the WSE Main Market in the last quarter included four Ukrainian companies: Industrial Milk Company, KSG Agro, WESTA ISIC, Ovostar Union, as well as the Slovenian bank Nova Kreditna Banka; new listings on NewConnect included the first UK issuer: AerFinance. This created a special momentum for building up the international reputation of the Warsaw Stock Exchange.
“The Warsaw Stock Exchange is the European IPO leader. In the last quarter, the WSE ranked in the top ten stock markets globally. Our international strategy provides tangible results. I am certain that even more companies will see the potential of the Polish capital market. The IPOs of Polish and foreign companies planned for the nearest future and the IPO of JSW in July, one of the biggest IPOs in Europe, strongly suggest that the Warsaw Stock Exchange will continue to consolidate its leading European position on the IPO market in the coming periods,” said WSE CEO Ludwik Sobolewski about the ranking.
Table 1. Number and value of IPOs on European stock exchanges
(in aggregate: regulated and alternative stock markets)
European IPOs in Q1 2011 |
European IPOs in Q2 2011 |
||||
Stock exchange |
Number of IPOs |
Value |
Stock exchange |
Number of IPOs |
Value |
(€ M) |
(€ M) |
||||
WSE |
45 |
120 |
WSE |
55 |
600 |
LSE Group |
25 |
1971 |
LSE Group |
36 |
10661 |
Luxembourg |
7 |
110 |
Nasdaq OMX |
12 |
198 |
NYSE Euronext |
6 |
43 |
NYSE Euronext |
10 |
34 |
Oslo Børs |
4 |
468 |
Luxembourg |
8 |
205 |
Deutsche Boerse |
4 |
244 |
Deutsche Boerse |
6 |
959 |
Nasdaq OMX |
3 |
3 |
Oslo |
3 |
257 |
BME |
2 |
- |
SIX Swiss |
2 |
81 |
|
Wiener Boerse |
1 |
366 |
||
BME |
1 |
5 |
Source: PwC, IPO Watch Europe, Q1 and Q2 2011 reports
The Warsaw Stock Exchange has been a leading European stock exchange in terms of IPOs since 2006. NewConnect is growing especially dynamically: in Q2 2011, it listed 42 new companies with a total value of EUR 38.4 million, the highest figure among all alternative trading platforms in Europe.