New investors found the Warsaw Stock Exchange the most attractive in Europe in the first quarter of 2012.
Out of all European bourses, the highest number of new public listings in Q1 2012 took place on the Warsaw Stock Exchange. In all, 25 IPOs were carried out over the past three months, according to a recent PwC report. However, while the number of issuers continue to grow, Warsaw will struggle to compete with the Western bourses in terms of total market value. Following US’ NYSE Euronext (€975m), Swiss SWX (€681m), and the LSE (€621m), Poland is placed fourth with the result of just €14m. “Issuers who seek to raise their capital in the primary market still find it hard to achieve. Unfortunately, this negative trend has been evident since August last year when a collapse of share prices on world markets took place,” says Filip Gorczyca, a senior manager on PwC capital’s markets team.
