“Apart from the [planned] public offerings of state-owned companies, we should have new offerings of EUR20 million to EUR70 million to have a fighting chance,” said Victor Cionga.
He said state companies shouldn’t be listed simultaneously on two markets, because the Bucharest bourse
As to the government’s plan to float several state companies in Bucharest, Cionga said the authorities shouldn’t try to list the shares simultaneously on two stock exchanges, because it “would kill the market in Bucharest.”
“If you must have a dual listing, then it should be made on a like-size market, such as the one in Sofia,” he said. “Otherwise, the other stock exchange takes all the liquidity.”