The gathering tidal wave of investors in PGNiG's IPO

Brokers also have noticed that people who began their investments on the bourse during the PKO BP's share issue are looking at the latest offer. Most people tend to invest their money only in the privatization offers. "New investors, which participate in large IPOs, usually disappear shortly after the investment. Some of them simply hunt for the shares of state-owned companies. Only some 10% remain on the bourse as active players," said Ryszard Czerwiński, DM BZ WBK's president. According to Ryszard Sikora from the Individual Clients Department at ING Securities, people tend to invest in state-owned firms because they consider them stable and trustworthy. The emerging boom in the brokerage houses caused by PGNiG's IPO does not mean that the number of new accounts will exceed the one during PKO BP's offer when brokerage houses acquired 80,000 new clients. PKO BP is much better recognized by retail investors than PGNiG. (Parkiet, p. 1)