Shares in Polish e-commerce group Allegro rocketed up 60% on their debut, giving the e-bay style online retailer a whopping market value of almost $19 billion and making it Europe’s largest initial public offering (IPO) so far this year. With explosive growth expected year on year as buyers continue to move online for one of central Europes most recognised online brands, Investors are demonstrating, once again, that there is a growing interest for some of Europe’s ‘underdog’ stock markets.
In fact, in 2019 the best performing stock market in Europe was Greece, it’s main index rose an eye-watering 43%
Last week @pb1 wrote a piece asking us to ‘Look Around’ and with Pynk’s ever-expanding global crowd, it would seem we are perfectly suited to combine this growing trend for emerging European markets with Pouneh’s sound, financial considerations.
Which markets do you think are the ones to watch?
Will US stock markets fall from grace post-COVID or bounce back?
What tips can you offer Pynksters when you ‘Look Around’ the country where you live?
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