Polish gaming company Creepy Jar debuted on the main market of the Warsaw Stock Exchange on April 8 at a price of PLN965 (€212.3). The price dropped 3.49% to PLN940 at the close.
Creepy Jar is the 16th gaming company on the WSE, as the bourse continues to attract companies from the sector, which is booming during the coronavirus (COVID-19) pandemic, as millions of people are locked at home with on-screen entertainment one of the few available options.
Creepy Jar, which until April 8 had been listed on the WSE’s alternative market NewConnect, floated a total of nearly 680,000 shares on the main market.
"The NewConnect was only a stage along the way to the main market, which has always been the goal and ambition of Creepy Jar. Thanks to the transition, we can maintain the current growth rate and increase the company's prestige for investors,” Creepy Jar’s CEO Krzysztof Kwiatek said in a statement.
The listing on the main market did not come with a new share issue or a share split.
Creepy Jar is an independent producer of survival simulation games. The company’s market cap is PLN639mn.
The company is the 433rd company listed on the main market and the fourth debut in 2021 so far. Several more gaming companies are expected to go public in Warsaw this year. The WSE is the world’s leader in terms of the number of listed companies from the gaming sector.
Related Articles
Kazakhstan’s Freedom fintech sets out to emulate and exceed Revolut in Europe
Freedom Holding Corp (Nasdaq: FRHC) is positioning itself to expand deeper into Europe’s financial services market with plans to launch a digital bank in France, backed by a €500mn ($572mn) ... more
Eurozone manufacturing growth hits four-year high in April but Middle East war drives record price surge
Eurozone manufacturing activity expanded at the fastest pace in nearly four years in April as factories rushed to build safety stocks ahead of expected price rises and supply shortages linked to the ... more
Poland’s BGK to begin operations in Ukraine under new cooperation deal
Polish state development bank BGK will launch operations in Ukraine following the signing of a cooperation agreement between the two countries’ economic ministries, reported Ukraine Business News. ... ... more