9 IPOs were recorded on the Warsaw Stock Exchange (WSE) in the first half of the year. 2022 compared to 19 in the same period last year. All of them took place on NewConnect, and the total value of the offers amounted to PLN 27.3 million (EUR 6.9 million), which means a decrease of 99.5% compared to 2021, when 19 IPOs were recorded (of which 5 on the main market of the WSE) with a total value of PLN 5.9 billion (EUR 1.3 billion), according to the "IPO Watch Europe" report prepared by the consulting company PwC. Among the 9 offers carried out on the alternative NewConnect market, the largest offer in terms of value was carried out by a medical company, SDS Optic, with an IPO worth PLN 11 million (EUR 2.4 million). The second and third place went to, respectively, the technological company Noctiluca (offer worth PLN 4.6 million) and BeeIN - a company from the renewable energy sector (offer worth PLN 4 million), it was announced. “The uncertainty and macroeconomic and geopolitical conditions worsened further in the second quarter of the year. As a result, successfully conducting a stock exchange debut, even by issuers who are well prepared for IPOs and operating in attractive sectors of the economy, is an increasingly difficult process, requiring significant involvement on the part of management boards, timely communication with investors and a good pre-marketing strategy. The transactions carried out on the largest European stock exchanges in the first half of the year prove that the market is not completely closed to new issuers and that even in such a difficult environment there are favorable conditions for conducting selected individual transactions. Nevertheless, the return of a broad wave of issuers to the market seems possible when the level of uncertainty decreases, and with it - the recently growing gap in company valuation expectations between sellers (companies and owners) and investors "- said a partner on the PwC Polska capital markets Bartosz Margol, quoted in the press release. Source
22.07.2022