Allegro stock futures already available on the WSE

Excellent debut for Allegro on the main market Stock Exchanges the interest in the shares of the largest Polish auction platform continues. Now, futures contracts for the company's shares have also hit the WSE.

There are currently three series of futures contracts available for Allegro shares:

• FALEZ20, expiring on December 18.12.2020, XNUMX,
• FALEH21, expiring on 19.03.2021/XNUMX/XNUMX,
• FALEM21, expiring on June 18.06.2021, XNUMX.

WSE Management Board: interest in the company has decided

- The Stock Exchange is ready to quickly introduce new futures contacts for single shares, as soon as we observe great interest of investors in the underlying instrument and we establish cooperation with the market maker. The debut of Allegro was the largest debut in history, many institutional investors and over 36 people signed up for shares. individual investors. The size of the company, impressive turnover at the first sessions, fast entry path to the WIG20 index and other global indices - these facts prompted the WSE Management Board to decide to introduce contracts on Allegro to trading only a week after the company's stock exchange debut - says Izabela Olszewska, Member of the Management Board of the Warsaw Stock Exchange.

Of course, Allegro is not the first company to have futures on the WSE. There are already 41 of them in total. One of them is XTB broker.

HOW TO INVEST IN ALLEGRO [GUIDE]

Debut and great growth for Allegro

Allegro shares debuted on the Stock Exchange on Monday, October 12.10.2020, 4. On the day of the debut, the turnover was huge and reached PLN 20 billion. Suffice it to mention that all companies of the WIG800 index, which brings together the largest companies listed on the WSE in Poland, on the same day achieved a total turnover of PLN 14.10.2020 million. Allegro was undoubtedly a hit that day, but little changed in the days that followed. On Wednesday, October 1, XNUMX, the turnover reached over PLN XNUMX billion.

Allegro can also boast a large capitalization. On the debut day, it was PLN 44 billion, because the shares cost PLN 43. But already at the end of Monday's session, Allegro shares were paid for PLN 70, on Tuesday, October 13.10.2020, 80 it was already PLN 90, and the next day the valuation reached even PLN 21.10.2020. At the beginning of trading on October 85, 100, the company is valued at PLN 18. At the peak of trading, the company's capitalization reached almost PLN 27 billion! For comparison: PKN Orlen is currently worth approx. PLN 38 billion, PKO BP PLN XNUMX billion, and CD Projekt approx. PLN XNUMX billion.

For now, Allegro is highly valued. It benefits from huge capitalization, but also a brand known practically all over Poland. And this is valuable primarily for individual investors. It should also be taken into account that due to the coronavirus pandemic, many stock market debuts have been put on hold and postponed. Allegro was the icing in this case, but not on the cake - because it was missing.

However, the real test for investors in Allegro shares will come very quickly. The financial report for the third quarter of this year will be presented in November. In the past months, the company has achieved remarkable results by taking advantage of trade restrictions that did not apply to online sales. E-commerce recorded record turnover, but the third quarter may be the proverbial tongue of the scale. It will show whether Poles have changed their shopping habits for good and even when they had the opportunity to use stationary stores, they more often chose mail order. If not, the valuation of the largest Polish company may face a correction.