WSE with 3rd most IPOs in Europe - PwC

Warsaw Stock Exchange has been ranked 3rd in Europe in IPO activity in Q3, according to the latest IPO Watch Europe report prepared by consultancy PwC. The Warsaw bourse had nine IPOs in the third quarter, including two on the main market, with their value reaching PLN 5.1 billion. Of that number, PLN 4.4 billion came from the IPO of the telecom operator Play. This was the biggest initial public offering since 2011. "Warsaw has once again become one of the most active markets in Europe and again thanks to the large and widely publicized IPO that attracted foreign investors. On one hand, it enjoys the return of the Warsaw Stock Exchange to a group of markets where successfully large IPOs or even mega-offers are successful. On the other hand, the number of such deals is limited and the Polish market needs smaller firms mature enough to meet the requirements of being listed,” said director of the capital markets team at PwC Bartosz Margol. The report concluded that this year could be one of the better ones in terms if IPOs value, but low in the number of IPOs. Overall, in Europe in Q3, there were 74 IPOs worth €8.2 billion.