Pursuits
Polish Billionaire’s Idea Bank Climbs on Warsaw Trading Debut
This article is for subscribers only.
Idea Bank SA, controlled by Polish billionaire Leszek Czarnecki, gained on the first day of trading on the Warsaw Stock Exchange after raising 254.2 million-zloty ($68 million) in an initial public offering.
The stock rose 4.2 percent to 25 zloty at 9 a.m. in Warsaw. Czarnecki also controls Warsaw-listed Getin Noble Bank SA, Getin Holding SA, LC Corp SA and Open Finance SA. Idea sold shares in the IPO at 24 zloty each.