The flow of developers looking for capital on the Warsaw Stock Exchange is gradually shrinking, with only two companies set to go public within the next six months, according to the daily Puls Biznesu. Murapol and Platinum Property Group are the two developers that confirmed they would go public in the first half of the year.
“We’re determined to take this step, although we’re considering reducing the number of shares, based on the current market sentiments,” Michał Sapota, vice president of Murapol, told Puls Biznesu. Meanwhile, PPG said it hopes to raise money through its IPO for its project in Russia. The company plans to debut on the WSE in March.
“We expect an upturn on the market in the second half of 2013, which could bring more interest from the investors in the companies that go public,” said Cezary Bernatek of KBC Securities. “Though I believe the environment for the housing developers remain difficult, which makes delaying IPOs justified.”
