Polish convenience store chain Żabka made its highly anticipated debut on the Warsaw Stock Exchange, offering 448 million shares and raising PLN 6.99 billion (€1.6 billion), with the potential to increase to PLN 7.42 billion (€1.7 billion) The debut was marked by a 7% stock price rise.
This is the largest IPO in Poland since 2020, one of the largest in the history of the WSE and the fourth-largest offering in Europe this year.
"The listing of the Żabka Group on the Warsaw Stock Exchange is an important step in the implementation of our long-term growth strategy. We intend, among other things, to double sales to end customers by 2028 and to launch around 1,000 shops per year in Poland and Romania. We regard the huge interest in our IPO from Polish and international financial institutions, as well as individual investors, as proof of the confidence of the market", said Tomasz Suchański, CEO of Żabka.
Nearly 17 million people, about half of Poland’s population, live within 500 meters of one of its more than 10,500 stores. Żabka also continues to innovate with projects like autonomous stores and international expansion under the Froo brand.
