XTB Debuts First Day of Trading Publicly on WSE and Valuation hits $362m

Polish brokerage XTB has successfully placed 16,433,709 shares on the Warsaw Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term. The company has been valued at $349 million at the market open, as a single share of the company traded at 11.55 PLN (Polish zloty). Currently the shares of online FX brokerage XTBs are still up over 3 per cent in early afternoon trading after the company debuted its shares for public trading for the first time this Friday and at an opening price of 11.55 PLN per share ($2.97 per share).

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Already over a million shares have been traded according to volume data published from the Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term for XTRADEBDM - which stands for the company's name X-TRADE Brokers Dom Maklerski S.A. The company's ticker symbol is ideally listed as XTB which certainly helps its branding.

The total number of shares of XTB included 100,949,926 series A shares with the identifier PLXTRDM00011 used at the National Depository for Securities, and another 16,433,709 series A shares, coded as PLXTRDM00029, which have been offered to the public.

Finance Magnates reported in April that the company was planning to list early May with an expected valuation of $400 million, and the goal of becoming listed has now been achieved. Meanwhile, in a previous post the company's initial public offering (IPO) was estimated to be as much as $618 million by book runners.

From the total number of series A shares announced in the WSE press release, which is just over 117 million shares, at the session high of 12.04 - the current valuation totals to about 1.4 billion PLN or nearly $362 million using today's exchange rate.