Wednesday, 9 October 2013

Warsaw exchange: hello China | beyondbrics

Warsaw exchange: hello China | beyondbrics:

"The Warsaw Stock Exchange has long been hunting for new listings far beyond Poland’s borders, but if it looks much further than its latest new IPO it will fall into the Pacific Ocean.

The exchange’s newest listing comes from China – Peixin International Group, a manufacturer of paper products like sanitary napkins and diapers.

The Netherlands-registered company floated 16m zlotys ($5m) worth of shares on the WSE’s main market, which will be the only venue where the company’s shares are traded. In trading Wednesday, Peixin was one of the bourse’s strongest performers, soaring by 20.25 per cent from its opening price of 16 zlotys a share."

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