The demand from individual investors far exceeded the availability of shares and while 9.2 million shares were available, raising 400 million PLN, there was demand for 2.65 billion PLN worth of shares.
Subject to a due diligence report, the deal would see the Warsaw Stock Exchange assume a 65% stake of the exchange and place Armenia’s capitals market on a fast track to growth.
The sector has profited from the virus crisis owing to people being stuck at home.
Photon Energy, an Amsterdam-based global solar power solutions and services company, plans to enter the Polish photovoltaic market, the company said in a Monday press release.
Gaming Factory raised 17 million from its share sales with an IPO (Initial Public Offering) price of 15.50 PLN which quickly rose to 46 PLN in the TKO (Theoretical Opening Price).
Polish video game producers are experiencing a period of rapid development, and the pandemic is only helping. Their stock values, as listed on the Warsaw Stock Exchange (WSE), have rebounded significantly after the pandemic, writes the Rzeczpospolita daily on Thursday.
The gaming giant whose market capitalisation reached 8.03 billion Euros on the Warsaw Stock Exchange this week, has now overtaken Paris-based industry heavyweight Ubisoft.
Warsaw-based Games Operator made its successful debut on the market having finalized their share allocation in March amid the COVID-19 panic.
An increase of over 4.4 million PLN in revenue in only two years has sent investors flocking to the company.
The share of each participant will be calculated depending on its free float, the amount of shares that are in the public’s hands. The share of the biggest companies will be capped at 10 percent.