First Chinese company lists in Warsaw

First Chinese company lists in Warsaw

Published: October 10, 2013

Peixin, a manufacturer, has floated PLN16mn (US$5mn)-worth of shares.  

Peixin, a manufacturer of machines that make hygiene products, has become the first Chinese company to list on the Warsaw Stock Exchange. Its listing vehicle, PEIXIN International Group, which is based in the Netherlands, floated shares worth PLN16mn (US$5mn) at PLN16 per share.

The company originally intended to raise PLN100mn zlotys, according to a prospectus released on September 17.

Warsaw has been the second most active exchange in Europe for IPOs in the third quarter, attracting 10 new listings. These have generally been by very small, however, equating to a combined €15mn (US20.3mn) – placing the exchange seventh in Europe by value.