PLN250.1 0.0 0.0%
Last Trade - 22/01/21
Market Cap | £4.94bn |
Enterprise Value | £4.83bn |
Revenue | £129.7m |
Position in Universe | 10th / 784 |
(Adds details, analyst comments, updates share price move) ** Shares in Poland's e-commerce firm Allegro ALEP.WA soar 67% in their market debut, the biggest IPO in Warsaw in a decade, with analysts pointing to the company's potential given the coronavirus pandemic ** "The recent pandemic highlighted the value of e-commerce for a consumer, and accelerated e-commerce penetration," Ivan Kim, an analyst at Xtellus Capital says ** "Today's debut on WSE turned out to be above expectations and, I believe, above expectations of so-called market consensus," says BNP Paribas analyst, Michal Krajczewski ** Krajczewski adds that Allegro's profile is attractive to foreign investors, taking into account trends in global trade, which are accelerating due to the COVID-19 pandemic ** Allegro jumped as much as 72.1 zlotys compared to a 43 zlotys issue price and is the most heavily traded stock in Warsaw -- more than 46.2 million shares changed hands so far, accounting for nearly half of the volume in Warsaw ** Its market capitalisation reached about 66.5 billion zlotys ($17.57 billion) at opening, overtaking other blue chips and representing nearly double the value of biggest Polish video game producer CD Projekt CDR.WA ** Allegro is the most recognizable e-commerce brand in Poland, with its website attracting 20 million visitors a month ($1 = 3.7841 zlotys) ((Anna.banacka@thomsonreuters.com; anna.pruchnicka@tr.com))