The number of companies carrying out IPOs in Europe continued to increase in the second quarter of this year, with the Warsaw Stock Exchange leading in terms of the volume of IPOs, according to research by PwC.
Though the London Stock Exchange dominated in terms of value - it tends to attract the largest IPOs and hosted four of the five largest IPOs during the period - the WSE had a large number of low-value transactions on its NewConnect market. The WSE had 55 IPOs in the April-June period with an average value of €11m; the LSE had 30 IPOs but with an average value of €344m. PwC argues the number of IPOs on the WSE would've been even higher were it not for the uncertainty over the euro crisis forcing some issuers to postpone.
Looking ahead, PwC Polska deputy head Jacek Socha says the WSE began the third quarter on a high note with the successful IPO of the coal mine of Jastrzebska Spolka Weglowa (JSW).
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