The value of Initial Public Offerings (IPOs) carried out on European stock exchanges in the third quarter of 2020 amounted to €5.9 billion – an increase of over 50 percent compared to the same period last year (€3.9 billion). The Warsaw Stock Exchange ranked second in Europe in terms of IPO activity thanks to the debut of Allegro.eu – these are the conclusions of the latest report ‘PO Watch Europe’ prepared by the consulting company PwC.

In the last quarter, there were two so-called mega offers (transactions worth more than €1 billion), and one of them was a representative of the Warsaw Stock Exchange – Allegro.eu. The offer, worth more than €2 billion, allowed it to be among the 10 largest IPOs in 2020 in the world and to place Warsaw in second place in Europe in the third quarter of this year (Allegro.eu IPO is also the third largest IPO in Europe in 2020). THG Holdings obtained the most funds as part of the debut in Europe, whose transaction on the London stock exchange reached the value of €2,041 million.

"Thanks to the Allegro.eu debut, the Warsaw Stock Exchange returns to the European podium in terms of IPO activity. It is worth mentioning that when the WSE last stormed international debut statistics, we had the years 2009-2010, the world was slowly recovering from the crisis, and in 2010 alone, Poland had the place of IPO of PZU, Tauron or the WSE itself. Allegro.eu's offer certainly deserves to be called the debut of the decade and an offer that will be a reference point for other transactions for a long time among technology, video games and e-commerce companies. The Gaming Factory offer carried out in the third quarter confirms the strong position of the Warsaw Stock Exchange as a source of financing for issuers in this industry, and the WSE is attracting growing interest not only from Polish companies, but also from game producers and developers from other countries region," Bartosz Margol, director in the PwC capital markets team, commented.

(WBJ)