IPO value on the WSE and NewConnect fell to PLN 14.7 mln in H1

Poland had six IPOs in the first half of this year, compared to nine in the same period last year, according to the "IPO Watch Europe" report by PwC. These IPOs had a total value of PLN 14.7 million, marking a decline of 46.2% compared to 2021. The primary market activity remained limited due to high interest rates, inflation, and valuation concerns.

Among the six IPOs on the NewConnect market, the largest one was conducted by the gaming company VRFabric, with a value of PLN 6.1 million. Following that, the logistics company Robs Group Logistic had the second-largest IPO worth PLN 3 million, while the development studio FrozenWay had the third-largest IPO valued at PLN 2.7 million.

The value of IPOs carried out on European stock exchanges in the first half of the year dropped by 27% year-on-year to 3.8 billion euros.