According to the Nowy Przemysł magazine, the Polish capital market is losing significance, while the Polish economy needs a strong money injection. Indicative of its condition is, for example, the number of new stock exchange listings, which keeps declining. In addition, the recent IPOs have not been spectacular, and the largest deal of that kind this year, involving Idea Bank, was unsuccessful.
The listing of Private Equity Managers, commonly viewed as a great success, seems to be interesting against this background. Investors took to the company, which manages investment portfolios for other investment funds (by the way, it is the first manager of alternative assets of the private equity type on the Polish stock exchange). The public offering was limited to the sale of existing shares (all of which sold at the maximum price, PLN 111). At the end of the first trading day, the company’s shares went 19% up.
The article was published in Nowy Przemysł on 20 May 2015.