The Warsaw Stock Exchange hosted only six IPOs in the second quarter of 2014, three on the main market and three on NewConnect. With total IPO value at €89 million, the WSE is behind a stock market revival in Europe, PwC said in the latest edition of its IPO Watch report.
“The situation observed in the past months seems to fully confirm fears related to the negative impact of pension system changes on the Warsaw bourse’s results,” said Filip Gorczyca, senior manager in PwC’s capital markets team. “In yet another quarter, the results of the Warsaw primary market are strongly lagging behind trends observed on other markets in Europe.”
PwC observed record-high activity on European stock markets in Q2 2014. The number of IPOs across the continent was 145 and their value totaled at €22.3 billion, reflecting the best results since 2007. The highest total IPO values were observed on the London Stock Exchange (€9.94 billion), NYSE Euronext (€4.46 billion) and on Spain’s BME (€2.73 billion).