Both PZU, the largest insurance company in Poland and energy sector giant Tauron Polska Energia will be approaching the Polish Financial Supervision Authority (KNF) about near simultaneous stock market debuts on the WSE.

Analysts estimate the combined IPOs could be worth some zł.10 billion. And they figure that move will not only greatly affect the stock performance of other companies, but the massive supply of available shares will mean they'll be offered up for grabs at substantial discounts. PZU is looking to make its public debut in May; Tauron in July at the latest.

Both companies are expected to be heavily promoted to international investors, including those in the United States. Despite what analysts say about a price war for the wallets of investors, the Treasury doesn't see the near simultaneous debuts as competition, pointing to the successful concurrent share issues of PKO BP and Polksa Grupa Energetyczna last year.

Source: Parkiet