The Warsaw Stock Exchange is the best market in Central and Eastern Europe as far as the capitalization of Polish companies and the number of debuts are concerned. The WSE is the second in the ranking of biggest sales and IPO. This year, the public offers exceeded PLN 9.3bn (EUR 2.2bn) while Enea offer was the third highest offer in WSE history. Till December 18th, 87 companies had their debuts. The New Connect alternative market is growing fast, offers worth PLN 176m took place there this year.
“The company will have PLN 90-95m of net income, the third highest result despite very big decrease in the volume of trade”, Ludwik Sobolewski, WSE CEO said.
In 2007, the net income amounted to PLN 136m.
In 2009, several dozens of companies will have their debuts. The WSE plans to launch market for corporate bonds and bonds issued by local authorities. It will also analyze to allow for trade after the session and to prolong the session. At the end of next year, the WIG20 index may be enlarged by 10 other companies. But, according to the CEO, first big companies must be listed on the WSE.
“We will wait for PGE energy group”, Ludwik Sobolewski added.
(PLN 1 = EUR 0.239)