Allegro with chance to be included in the WIG20 on third day after its debut

Allegro has a chance to be included in the WIG20 index on the third trading day after the debut, provided that it meets the appropriate conditions, informed Izabela Olszewska, member of the management board of the Warsaw Stock Exchange (WSE).

"The decision to make an extraordinary adjustment is made by the administrator (GPW Benchmark) after verifying that the conditions are met. It is made public in the announcement two days before the adjustment is made. In the case of Allegro, there is a potential for the company to enter the WIG20 under the so-called fast -track. This means that Allegro may be included in the WIG20 index on the third trading day after its debut," Olszewska said.

Olszewska emphasized that the condition for an extraordinary adjustment of the WIG20 index portfolio and inclusion in its composition of shares of the newly introduced company is that its shares in free float on the first quotation date are at least 5 percent of the value of the index portfolio on that day.

The expected first day of listing and trading in Allegro shares on the WSE is October 12, 2020.

This morning, Allegro.eu announced that the share issue price in the initial public offering (IPO) was set at PLN 43 per share. The company's market capitalization resulting from the offer price will amount to PLN 44 billion. The total value of the offer will be PLN 10.6 billion if the additional allocation option is fully exercised or PLN 9.2 billion without the additional allocation option.

(ISBnews)