WARSAW (Reuters) – Shares in Polish gaming company Games Operators rose further on Monday, after doubling on their debut late last week as investors bet on increased interest in gaming during lockdowns due to the coronavirus.
Games Operators’ shares doubled on Friday from a sale price of 22 zlotys but were also suspended for most of the day due to very high bids.
The shares resumed trade on Monday and by 1000 GMT were up 7.5% from Friday’s close to 47.3 zlotys. The stock led the market in turnover value.
The IPO marks a success at a time when the Warsaw bourse has struggled for new listings. In Europe, not a single European company listed on the stock market in March.
Games Operators, founded in 2015, sold 1.1 million shares in its initial public offering in March, including 250,000 new shares, at 22 zlotys each compared to a maximum price of 28.5 zlotys.
The IPO was worth 24.2 million zlotys ($5.82 million). The company raised 5.5 million zlotys and the rest went to investors…
Source Reuters Tech News
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