Polish games operator's IPO a success as stay-at home lockdown boosts outlook

WARSAW: 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, 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. A stronger dollar against the zloty has also boosted Polish video games sales, as many companies sell most of their products outside Poland.

"The amount we raised meets our expectations and it will allow us to follow our assumptions and goals," the CEO said.

Source: News Formal (newsformal.com)

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