The Warsaw Stock Exchange Is Among European Leaders In Terms Of Number And Value Of IPOs

The Warsaw trading floor is among leading European stock exchanges, in terms of the number of newly listed companies. When regulated markets are considered (which, following the relevant EU regulations, excludes alternative trading systems operated by certain European exchanges), the WSE (with 20 debuts in 2Q ’07) is on the second place in Europe, after the LSE (36 debuts).

In the second quarter of this year, 20 companies have offered their shares in IPO on the Warsaw Stock Exchange for a cumulative value of EUR 3,8 bln (of which EUR 2,8 bln was contributed by the Immoeast IPO).

The date of debut on the WSE is defined as the first day of trading in the company’s shares or allotment certificates.

Some publications are based on a methodology which doesn’t take into account the specific conditions of the Polish capital market and the necessity of using allotment certificates. An important issue to keep in mind, while analyzing and comparing data, is to distinguish between traditional stock markets (regulated) and complementary trading systems operated by certain exchanges. Data published by the WSE concerns the regulated market only. Our alternative trading platform – NewConnect WSE Stock Market – will be launched on 30 August ’07.

Table 1. Debuts on EU regulated markets in 2Q 2007

Source: PricewaterhouseCoopers, WSE