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Giełda Papierów Wartościowych w Warszawie SA

Contact person

Dariusz Mejszutowicz
Deputy Director Primary Market Department

Type of firm

Other

Company description

Type of business

The Warsaw Stock Exchange (GPW) is the main organizer of financial instrument trading in Poland. Its core activity is to provide a platform for trading securities such as stocks, bonds, derivatives, and other financial products. The WSE plays a key role in the development of the capital market, enabling companies to raise capital and investors to execute investment transactions in a secure, transparent, and regulated environment.

Relation to VC/PE industry

The Warsaw Stock Exchange (GPW) is connected to the venture capital and private equity sectors, as it serves as a potential exit route for these funds. Listing a company on the main market or NewConnect is one of the key exit strategies, enabling the realization of profits and the liquidation of invested capital. Thanks to its infrastructure and diverse offerings, GPW supports the development of the VC and PE ecosystem, helping companies raise capital at various stages of their development – from early phases (via the NewConnect market) to more mature stages, benefiting from the main market and Catalyst.

Areas of particular interest

The Warsaw Stock Exchange (GPW) has particular interests in several key areas that support the development of the Polish capital market and provide innovative opportunities for investors and issuers. These areas are:

Equity market – GPW operates the equity market, which serves as a crucial platform for companies seeking to raise capital for growth and investment. Listings on both the main market and NewConnect provide companies with access to a broad base of investors, including institutional and foreign investors, which enhances market liquidity and strengthens GPW's position in the Central and Eastern European region.

Bonds and the Catalyst market – GPW supports the development of the bond market, providing companies and local government units with access to financing through bond issuance. Catalyst is a dedicated market for bond trading, allowing liquidity for this type of financial instrument.

Derivatives – GPW expands its offering of derivatives, such as futures contracts and options, enabling investors to hedge their positions and manage risk in a more advanced manner.

Commodity market – Through the Polish Power Exchange (TGE), GPW is involved in the development of the commodity market, including electricity, gas, and other raw materials. This is a crucial area in the context of energy transition and decarbonization of the economy.

Green finance and ESG – GPW places great emphasis on developing markets related to green bonds and sustainable investing (ESG). Companies that meet sustainability criteria can benefit from growing investor interest in the ESG sector, which enhances the attractiveness of their shares and bonds.

Partners, key shareholders

 State Treasury: 35.01%
Allianz Polska OFE: 5.34%
Other shareholders – privileged shares: 0.18%
Other shareholders – bearer shares (free float): 59.46%