The competition to attract new issuers has intensified globally this year. The largest IPO so far this year was the $5.2 billion offer by UK-based Arm, which decided to float on NASDAQ (US).
The Romanian capital market has gained visibility both internationally and domestically. At the end of the first 9 months of the year, the number of investors present in the Romanian capital market reached a new all-time high: 168,000 investors, a 200% increase over five years ago.
„The Romanian capital market has become increasingly visible among international investors. We have noticed an increase in the representation of Romanian companies in the composition of the FTSE Russell and MSCI indices. Speaking of visibility, the companies listed on the BVB and the BVB indices appear in the financial data of the most well-known financial platforms, and we are in talks to widen this horizon so that international investors have easy access to data on Romanian companies,” stated Radu Hanga, BVB president.
The US-based Kenvue floated on the New York Stock Exchange (NYSE) after a successful offering for $4.4 billion. In third place in the list of the largest successful global IPOs so far this year is Adnoc Gas from the United Arab Emirates, a company listed on the Abu Dhabi stock exchange after a $2.5 billion IPO.
The Romanian company Hidroelectrica, a leader in the production of electricity from 100% renewable sources, floated on the Bucharest Stock Exchange (BVB) on July 12th, as a result of the largest IPO ever made in Romania: $2 billion. In fifth place is the Nexchip company from China, which was listed on the Shanghai Stock Exchange as a result of an offer of $1.9 billion. Thus, the BVB was the only stock exchange in Europe with a globally significant IPO: Hidroelectrica’s $2 billion offer placed BVB in 4th place in the global ranking according to the value of an offer unfolded in the first 3 quarters this year.
„This year alone, we have had 35,000 new investors due to the unfolding of Hidroelectrica’s offer and the continuation of the Fidelis bond program. Thanks to Hidroelectrica’s IPO, the BVB is the only stock exchange in Europe included in the Top 5 IPOs unfolded globally so far this year,” added Radu Hanga.
The total trading value of all types of financial instruments on the BVB’s Regulated Market registered an all-time high at the end of the first 10 months of this year, when it exceeded RON 29.4 billion, equivalent to EUR 5.9 billion. The average daily liquidity this year reached RON 141 million, the equivalent of EUR 28.5 million. The third liquidity indicator represented by the number of transactions exceeded, at the end of the first 10 months of this year, 1.45 million transactions.
„As a market and system operator, the BVB has fully benefited from the development strategy carried out in recent years and the latest financial results confirm this. Moreover, the number of those holding shares in the BVB issuer has exceeded 5,000 shareholders, which is a first and represents a threefold increase compared to the level from five years ago. The increased interest was also manifested at the level of the market evolution, where the BVB share registered a 100% increase in the first 10 months, including dividends,” says Adrian Tanase, CEO of BVB.
(English version by Catalina Apostoiu)