Poland's state-owned PGE energy group had its debut on the Warsaw Stock Exchange (WSE) Friday, earning some six billion zloty (1.4 billion euros, 2.1 billion dollars), Treasury Minister Aleksander Grad said.
Owning over 40 electricity and heating plants as well as two brown coal mines worth 44.9 billion zloty, PGE became the largest company listed on the WSE, according to a PGE statement issued Friday afternoon.
As PGE's majority owner, the Polish Treasury offered institutional investors 220 million shares while individual investors could snap up 39 million shares costing 23 zloty.
PGE shares jumped 12.83 percent to 25.95 zlotys at the start of trading Friday and closed at 25.99 zlotys amid frantic trading.
The debut was the largest IPO in Europe this year, according to the PGE. mrm-mas/sw/nh
