CEE 2021 Data Insight

Total CEE exit value disclosed to EMPEA reached USD7.8b in 2020, bolstered by public markets transactions

Total exit value in Central & Eastern Europe (CEE)—inclusive of Turkey, Russia, and neighboring markets—ballooned to USD7.8b in 2020, with public markets accounting for USD5b of the total. E-commerce companies represented the two largest listings: Poland-based Allegro raised USD2.4b on the Warsaw Stock Exchange and Russia-based Ozon raised USD990m on the Nasdaq. Notably, the Allegro listing is both the largest private capital-backed IPO on record for the region and the largest listing in Warsaw to date, pointing to a growing number of IPOs completed on local exchanges rather than abroad. International corporates continued to find acquisition opportunities in CEE, evidenced by US-based Zynga’s USD1.6b acquisition of Turkey-based gaming startup Peak Games. Earlybird Venture Capital, Hummingbird Ventures, and Endeavor Global returned more than USD520m from the sale.

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