Only 4 IPOs on WSE in Q3 - PwC
11:44
There were 4 IPOs on the Warsaw Stock Exchange in Q3, according to PwC “IPO Watch Europe” report. Their total value stood at €8 million. In Europe, there were 64 IPOs valued at €3.9 billion, which is 53 percent lower y/y.
“IPO activity in Warsaw is the weakest since 2003 and once again one of the smallest in Europe. The GetBack floatation and its effects had a deep impact on the Polish market, already affected by low valuations, falling liquidity, and constant uncertainty regarding the employee capital pension plans (PPK). The last one is certainly a positive signal, but it will not have a significant real impact on the market in the short term,”- said the director in the capital markets team PwC Bartosz Margol.
Out of 4 IPOs in Q3, one was on the WSE main market (Silvair), while other 3 were on the small-cap, alternative NewConnect market (Creepy Jar, Medinice, and Passus).
