WP debuts on WSE, plans acquisitions

The opening market price stood at PLN 35 per share, by 10.16 percent more that the price reached in the initial public offering (IPO), it remained at the same level at the closing time. The group obtained PLN 100 million from the new share issue, which will be mainly committed to acquiring some "online marketplaces" and paying off its liabilities. WP expects to complete the acquisitions in the coming months, said its CEO, Jacek Świderski. The European Bank for Reconstruction and Development ( EBRD) purchased WP stakes for €7.1 million, the institution informed.