PwC: WSE second in terms of European IPOs in Q1 2014
The Warsaw Stock Exchange came second in terms of the number of IPOs in Europe during the first quarter of 2014, PricewaterhouseCoopers’ quarterly IPO Watch Europe report states.
During Q1 2014, the WSE hosted ten debuts – two on the main index as well as eight on the NewConnect index.
“The share of the WSE in the total number of European debuts amounted to 15 percent,” PwC states in a release, adding that the London Stock Exchange noted the largest number of IPOs, at 32.
“The combined IPO value in Warsaw during Q1 2014 amounted to €18 million, which placed the WSE in 8th position in terms of the value of its public offerings,” the statement continues.
The combined value of the IPOs on the WSE in Q1 2014 amounted to less than the analogous period a year ago, when IPOs were valued at €58 million.
“A period of the privatization of large national companies is coming to an end, which for many years spurred on the growth dynamics of the capital market’s development,” WSE CEO Adam Maciejewski said in a statement.
