WSE: In Q1 number of IPOs lowest in 10 years

While in Q1 2015, most European bourses reported the best results in terms of the number of IPOs since 2000, the Warsaw Stock Exchange saw the lowest figure of companies going public in ten years, according to the IPO Watch report compiled by consultancy PwC. Only two companies decided to run an IPO on the WSE over the last quarter. Dekpol debuted on the WSE main market, raising €6.9 million, while Gekoplast began trading on Catalyst, obtaining €1.3 million. "It would not be an exaggeration to say that in the last quarter, the primary market in Warsaw reached its bottom, posting the worst result for more than ten years. Fortunately, however, everything indicates that the stagnation on the WSE will finally be overcome in the coming months. Warsaw has a chance to return to the group comprising the most active markets in Europe," said Filip Gorczyca, deputy director at the PwC capital markets department. In the coming months, debuts of Wirtualna Polska group and Idea Bank are expected. The three biggest IPOs in Europe were the trading of Aena in Spain (€4.3 billion), the listing of Auto Trader in London (€2.2 billion) and the debut of Sunrise Communications in Switzerland (€2.1 billion).