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PKP CARGO’s Public Offering: This Year’s Biggest IPO on WSE

2013-10-30 10:10:01


PKP CARGO’s Public Offering: This Year’s Biggest IPO on WSE

Press Release

  • PKP CARGO’s PLN 1.42 bn public offering is this year’s biggest IPO on WSE
  • WSE listing of the EU’s second biggest railway cargo carrier confirms the position of Warsaw as a regional financial hub

PKP CARGO SA, the second biggest railway cargo carrier in the European Union, has been newly listed today on Warsaw Stock Exchange. The first transactions in its stock were executed at a price of PLN 80.20, an increase of 17.94 percent compared to the IPO share price of PLN 68.
- The investors have proved once again that a good offer always finds buyers even despite somewhat less favourable market conditions. The new listing of PKP CARGO is an example of yet another successful privatisation on the exchange. We believe that the IPO confirms the position of Warsaw as a regional financial hub and is a genuine sign of optimistic sentiment on the Polish capital market, which should boost investor activity and encourage other issuers to go public on Warsaw Stock Exchange - said Beata Jarosz, Vice President of the Management Board of Warsaw Stock Exchange.
 

The IPO of PKP CARGO S.A. amounted to PLN 1.423 billion. It is the biggest IPO on WSE this year. The final number of shares offered in the public offering was 20,926,171. Individual investors were allotted 3,600,000 shares, representing ca. 17.2 percent of all offered shares. Around 24 thousand individual investors subscribed for the shares.

PKP CARGO is the 446th company listed on the WSE Main Market and the 17th new listing on the market this year.

The PKP CARGO Group is the biggest railway cargo carrier in Poland and the second biggest in the European Union. The Group also offers auxiliary services including domestic and international cargo forwarding, intermodal services, sidings and terminals. The PKP CARGO Group owns the biggest rolling stock in Poland.

 

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Warsaw Stock Exchange is the biggest securities exchange in Central and Eastern Europe. WSE organises trading on one of the most dynamically growing capital markets in Europe. WSE operates a regulated market of shares and derivative instruments and the alternative stock market NewConnect for growing companies. WSE is developing Catalyst, a market for issuers of corporate and municipal bonds, as well as commodity markets. Since 9 November 2010, WSE is a public company listed on Warsaw Stock Exchange. For more information visit http://www.gpw.pl