According to the latest quarterly PwC IPO Watch Europe report, which covers the number and value of initial public offerings (IPOs) on European exchanges, the Warsaw Stock Exchange once again ranked #1 in Europe by the number of IPOs. There were 25 IPOs on the WSE in Q1 2012, including 4 IPOs on the Main Market and 21 IPOs on NewConnect.
By the value of IPOs in Q1 2012, the Warsaw Stock Exchange with EUR 14 million ranked #4 in Europe after NYSE Euronext (EUR 975 million), the Swiss Exchange (EUR 681 million) and the London Stock Exchange Group (EUR 621 million).
Table 1. Number and value of IPOs on European exchanges in Q1 2012 (jointly alternative and regulated markets).
|
Exchange |
Number of IPOs |
Value of IPOs (EUR mn) |
|
WSE |
25 |
14 |
|
LSE Group |
16 |
621 |
|
NYSE Euronext |
8 |
975 |
|
Spain (BME) |
3 |
6 |
|
Nasdaq OMX |
3 |
2 |
|
SIX Swiss |
1 |
681 |
|
Luxembourg |
1 |
- |
|
Deutsche Boerse |
1 |
- |
|
Oslo |
- |
- |
|
Wiener Boerse |
- |
- |
|
Borsa Italiana |
- |
- |
Source: PwC, IPO Watch Europe, Q1 2012 report
The number of IPOs on the WSE’s two markets decreased sharply compared to both Q1 2011 (45 IPOs: 7 on the Main Market and 38 on NewConnect) and Q4 2011 (42 IPOs: 4 on the Main Market and 38 on NewConnect).
The total value of IPOs on the WSE in Q1 2012 was similar to the value reported in Q4 2011 (EUR 15 million) but it was more than nine times lower compared to Q1 2011.
Table 2. Number and value of IPOs on European exchanges in Q1 2012 v. Q4 2011 and Q1 2011 (jointly alternative and regulated markets, ranked by the number of IPOs).
|
Q1 2012 |
Q12011 |
Q4 2011 |
||||||||
|
Exchange |
Number of IPOs |
Value (EUR mn) |
Exchange |
Number of IPOs |
Value (EUR mn) |
Exchange |
Number of IPOs |
Value (EUR mn) |
||
|
WSE |
25 |
14 |
WSE |
45 |
121 |
WSE |
42 |
15 |
||
|
LSE Group |
16 |
621 |
LSE Group |
25 |
1971 |
LSE Group |
17 |
806 |
||
|
NYSE Euronext |
8 |
975 |
Luxembourg |
7 |
110 |
Nasdaq OMX |
11 |
31 |
||
|
Spain (BME) |
3 |
6 |
NYSE Euronext |
6 |
43 |
Deutsche Boerse |
3 |
5 |
||
|
Nasdaq OMX |
3 |
2 |
Deutsche Boerse |
4 |
244 |
Oslo |
2 |
7 |
||
|
SIX Swiss |
1 |
681 |
Oslo |
4 |
468 |
NYSE Euronext |
1 |
2 |
||
|
Luxembourg |
1 |
- |
Nasdaq OMX |
3 |
3 |
Luxembourg |
1 |
- |
||
|
Deutsche Boerse |
1 |
- |
SIX Swiss |
2 |
81 |
Wiener Boerse |
1 |
- |
||
|
Oslo |
- |
- |
BME |
2 |
- |
SIX Swiss |
- |
- |
||
|
Wiener Boerse |
- |
- |
Wiener Boerse |
1 |
366 |
BME |
- |
- |
||
Source: PwC, IPO Watch Europe, Q1 2012, Q1 2011, Q4 2011 reports
The biggest IPO on the WSE in January-March 2012 was the IPO of Grupa Nokaut on the Main Market worth EUR 7.5 million (new technologies sector), followed by IPOs on the alternative market: Korporacja Budowlana Kopahaus (EUR 1.0 million, construction and construction materials sector) and Modecom (EUR 0.7 million, new technologies sector). The average value of an IPO on the WSE in Q1 2012 was EUR 0.7 million.
More than a half of all IPOs in Q1 2012 were companies active in the new technologies sector, followed by the real estate sector and the industrial products and services sector (4 IPOs each).
