By entering the Warsaw floor, Allegro broke all records. Investors knew that it would be good on Saturday, when the e-commerce giant announced that it had sold 213.55 million shares for PLN 43 per share as part of the IPO. The total value of the public offering reached PLN 9.18 billion. So far, the record-breaking IPO on the Warsaw Stock Exchange has belonged to PZU. In May 2010, the Polish insurer sold shares worth PLN 8.1 billion. Allegro broke this result with a considerable margin.

With the share price at PLN 43, the market capitalization would reach PLN 44 billion. This would mean that the e-commerce giant would instantly become the highest-valued company on the WSE, if only after entering the Warsaw Stock Exchange it would manage to maintain such a high share price. Allegro has more than fulfilled this task. On Monday at 9:15 on the WSE, trading in the company's shares started, and the opening price soared 51.2 percent to PLN 65.

Such a valuation translates into a market capitalization of PLN 65.5 billion. Allegro is therefore the WSE leader at the moment, with a huge advantage over CD Projekt, which, with a valuation of PLN 36.5 billion, ranks second before PGNiG (PLN 29.64 billion).

The scale of Allegro's stock-market success is evidenced by the fact that the e-commerce giant is worth more or less as much on the WSE as Orlen (PLN 19.6 billion), PZU (21.7) and KGHM (24.2) combined.

Later this week, Allegro may be included in the WIG20 index, which brings together the largest companies listed on the WSE.

(Gazeta.pl


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