Abstrakt:
One of many possibilities how to gain new resources for the economic development of the company is initial public offering (IPO). The initial public offerings help to strengthen the importance of the capital market and consequently also the economic development of a particular country. One of the most dynamic markets as regards the number of IPOs is considered to be the Polish capital market. The aim of the article is to determine general factors influencing the decision of the issuer to place its issue at a particular market, and then these factors will be applied to the Prague Stock Exchange and Warsaw Stock Exchange and we will analyse the reasons of the difference in the number of the IPOs performed.