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Tag: Warsaw Stock Exchange

  • Polish video games developer Huuuge to list on the Warsaw Stock Exchange

    Polish video games developer Huuuge to list on the Warsaw Stock Exchange

    Polish mobile video games developer Huuuge has announced its intention to list on the Warsaw Stock Exchange.

    Huuuge plans to raise $ 150 million in its initial public offering on the Warsaw Stock Exchange.

    Huuuge’s largest shareholder is founder and CEO Anton Gauffin, that owns 42% of shares.

    In the first nine months of last year, the comany had $ 244 million revenues, compared to $ 187 million in the same period in 2019.

    The company has more than 600 employees in 10 offices around the world.

    As of September 30 2020 Huuuge had 4.74 million monthly active users compared to 3.98 million, 3.72 million and 3.32 million as at calendar year end 2019, 2018 and 2017, respectively.

    Huuuge will be the 14th video game company to be listed on the main market of the Warsaw Stock Exchange.

  • Polish e-commerce giant Allegro to be listed on Warsaw Stock Exchange

    Polish e-commerce giant Allegro to be listed on Warsaw Stock Exchange

    Polish e-commerce giant Allegro will be listed Monday, October 12, on the Warsaw Stock Exchange at an estimated value of 9.4 billion euros.

    The company, owned by London-based investment funds Cinven, Permira and Mid Europe plans to raise about one billion zlotys (220 million euros) to repay its debts.

    Founded in 1999, as a local version of the eBay auction site, Allegro has seen remarkable growth, with sales up 19% in 2018, 31,1% in 2019 and 51.8% during the first six months of this year.

    Also, net profit reached 289.7 million zlotys (65 million euros) in the first half, compared to 195.7 million zlotys in the same period last year.

    The company has a medium-sized warehouse and intends to open a larger one, as well as four smaller ones, but over 90% of the products sold never go through the warehouses and go directly from the seller to the buyer.