WSE with 3rd most IPOs in Europe – PwC

Warsaw Stock Exchange has been ranked 3rd in Europe in IPO activity in 2017, according to the latest IPO Watch Europe report prepared by consultancy PwC. The Warsaw bourse had 27 IPOs last year, including eight on the main market, with their value reaching  €1.8 billion, up by €1.5 billion y/y, making it the best year since 2011. Of that amount, €1 billion came from the IPO of the telecom operator Play. This was the biggest initial public offering since 2011. At the same time, 20 companies were delisted. “This year will be another one with increased takeover activity and companies leaving the stock exchange. The latter may particularly apply to smaller companies for which the introduction of MAR regulation turned out to be too high a burden, as well as issuers with an attractive valuation, which are a good target for acquisitions,” said director of the capital markets team at PwC Bartosz Margol Overall, in Europe last year, there were 438 IPOs worth €43.9 billion.