Warsaw bourse may see better year in terms of debuts – report
January 2, 2014
Warsaw Stocke Exchange CEO Adam Maciejewski
Warsaw Stock Exchange (WSE) is likely to see more companies debut this year than in 2013, WSE operator GPW CEO Adam Maciejewski said as cited by the daily Dziennik Gazeta Prawna, adding that it is too early to forecast the number and value of next year's IPOs.
The WSE may see nearly 30 companies make their debut in 2014, the daily Parkiet writes in a two-page analysis citing experts. Such factors as the accelerating economic growth on the one hand, expected gains on the stock market and the rising valuations on the WSE increase the attractiveness of the primary market, the daily wirites.
Several companies are getting ready for early 2014 IPOs, but market participants have mixed feelings about their potential success.
Recent unsuccessful IPOs of energy company Energa and real estate developer Capital Park will inhibit a number of firms from debuting on the WSE, Quercus TFI manager Sebastian Buczek said.
However, DM PKO BP director Grzegorz Zawada believes that sentiment on the equity market is positive and several new debutants are likely to appear on the WSE at the beginning of the year.