Debut of Poland's Żabka on the Warsaw Stock Exchange

Żabka Group, a major Polish convenience store chain, was officially listed on the Warsaw Stock Exchange on October 17, 2024.

The Żabka store chain in Poland, now listed on the Warsaw Stock Exchange, provides customers with the option to buy products at fully automated self-service locations, in addition to its traditional stores. Payments at these locations are accepted only by credit card.

Żabka Group/GPW

The holding company saw a seven percent rise in its stock price during its initial day of trading in Poland's capital.

According to Reuters, the company initially priced its initial public offering (IPO) at 21.5 PLN per share (approximately 4.95 EUR).

By Thursday, the stock value had risen to 23 PLN, bringing Żabka's valuation to approximately 5.29 billion EUR.

The IPO could help revive Warsaw's struggling stock exchange, notes The Economist.

Nearly 17 million people, about half of Poland’s population, live within 500 meters of one of its more than 10,500 stores, the British newspaper adds.

Source: Reuters/The Economist

(m p)