E-commerce platform Allegro becomes Poland's largest IPO

TVN24 | TVN24 News in English

Autor:
gf
Źródło:
TVN24 News in English, PAP
GPWAllegro debuts at the Warsaw Stock Exchange

Polish e-commerce platform Allegro debuted on Warsaw Stock Exchange on Monday and immediately became the largest IPO in Poland's history, as well as the largest company ever listed in Poland. As of Monday morning, the company's shares were trading at over 65 zlotys, compared to IPO price of 43 zlotys, which was an increase by over 50 percent.

This was the largest debut at Warsaw's stock exchange. At 9:15 a.m. on Monday, the price stood at 65 zlotys per share, which was over 50 percent more compared to the public offering.

Around 12:30 that day, the price stood at 68 zlotys per share, which meant a 58-percent increase compared to the initial price.

Allegro has become the largest company listed at the Warsaw Stock Exchange, with the largest IPO ever in the history of the Polish bourse. Over 36,000 individual investors have trusted Allegro.

"This is good news for all of us" - said Deputy Prime Minister Jarosław Gowin, present at the debut ceremony in Warsaw.

He also expressed his hope that in the future Allegro would facilitate growth of Polish companies abroad and that the company would hire even more employees than it does now.

Autor:gf

Źródło: TVN24 News in English, PAP

Źródło zdjęcia głównego: TVN24