Zabka Shares Dip Below IPO Price In Second Day of Warsaw Trading
- Decline follows a tepid debut for the stock on Thursday
- Market participants remain optimistic over longer-term
A Zabka convenience store in central Warsaw.
Photographer: Damian Lemanski/BloombergThis article is for subscribers only.
Polish convenience store chain Zabka Group SA saw its shares slump below their initial public offering price on their second day of trading, in a blow to Europe’s fourth-biggest listing this year.
The stock fell as much as 6% Friday and traded below its IPO price of 21.5 zloty, underperforming Poland’s WIG20 Index. Its Thursday debut saw an initial pop in the stock, before gains evaporated by the close.