When eo Networks opened trading on the NewConnect market on 2 January 2026 with a price of PLN 29.8, investors were no longer looking at the company they had known until then. As a result of the reverse takeover finalised at the beginning of the year, the Euvic Group made its de facto debut on the Warsaw trading floor .
This is a heavyweight entry – with a market capitalisation of around PLN 1 billion, the Gliwice-based technology giant has instantly become one of the largest entities on the small stock market, fundamentally changing the balance of power in the segment of IT companies listed on the alternative market.
For Euvic, built for more than two decades in a federated model, the stock exchange listing is not an end in itself, but a tool for further financial and operational engineering. The company’s management announced that it will present a detailed strategic plan in the coming weeks.
However, it is already clear that entry to the trading floor is expected to catalyse two key growth trajectories: further consolidation of the fragmented Polish IT market and, crucially for margins, more aggressive foreign acquisitions.
The merger mechanism with eo Networks allowed the group to quickly acquire public company status, bypassing the lengthy procedure of a traditional IPO. The acquisition of management and operational functions by Euvic is a signal that the company feels mature enough to undergo the rigours of the capital market in exchange for easier access to financing. Management representatives emphasise that the business is fundamentally sound and has grown in the local market, but ambitions extend to building a strong international presence.
The debut comes at a time when the Polish IT sector is looking for new growth impulses in the face of rising wage pressures and a changing global economy. Euvic, which integrates the design, build and implementation of complex systems, is betting on scale.
The current valuation gives the group a strong bargaining chip in discussions with potential acquisition targets, both at home and abroad. Investors now await the specifics of the strategy, which will show how quickly the billion-dollar capitalisation can translate into real expansion in Western markets.
