The high increase was driven by the PLN 4.2 billion IPO of Tauron Polska Energia in June. Banks and brokerage houses operated 1,373,332 accounts at the end of June.
The number of securities accounts operated by KDPW Participants has increased by more than 240 thousand year to date. In April alone, investors opened 140 thousand new accounts with brokerage houses in anticipation of the IPO of PZU, the largest IPO in the history of the Polish market.
“Tauron’s IPO is the second large IPO this year to attract dozens of thousands of new investors. Such IPOs strengthen the international position of the Polish capital market and implement the concept of civic shareholding. The PZU and Tauron IPOs alone resulted in an increase in the number of securities accounts operated by brokerage houses by 220 thousand. This represents the strongest interest of retail investors on the Polish market in many years,” said KDPW CEO Iwona Sroka.
See Table 1
The Tauron IPO attracted a similar number of new investors as the IPO of the bank PKO BP. The bank’s IPO worth PLN 7.9 billion took place in the autumn of 2004 and resulted in an increase in the number of securities accounts operated by KDPW Participants by around 81 thousand. The IPO of PZU in April 2010 worth more than PLN 8 billion added 140 thousand new securities accounts.
The highest month-on-month increase in the number of securities accounts in June 2010 was reported by DI BRE Banku (15,596 new accounts), followed by BM Alior Banku (9,955 new accounts) and Trigon DM (9,662 new accounts).
See Table 2
The highest percentage growth in the number of accounts in June was reported by BM Alior Banku (up by 35 percent) followed by DM Banku BPS (up by 33 percent) and Noble Securities (up by 18 percent).
See Table 3
The highest number of securities accounts operated at the end of June was reported by DI BRE (238,832 accounts) followed by CDM Pekao SA (221,147 accounts) and DM Pekao SA (173,181 accounts).