Poland’s PGE’s IPO – The Highest Initial Public Offer in Europe This Year

Stock : PGE (WSE) 

Power group PGE's rights to shares gained 13% on their WSE debut with turnover reaching 2.6 billion zlotys vs 4 billion zlotys for all WSE-listed companies, the daily Rzeczpospolita writes. 

Only once, during the debut of bank PKO BP, was the turnover on the debuting stock higher, the daily reminds. PGE's IPO is the highest initial public offer in Europe this year. 

Almost 20% of PGE shares changed hands on Friday, with mostly small and foreign investors selling, one of local brokers told the daily.