ADVERTISEMENT

Budapest bourse introduces new category for sleeper shares

Awards

The Budapest Stock Exchange on Monday announced the launch of a new equities category – "T", for technical listing – that will apply to shares that generate little turnover.

"We feel it is important to draw a clearer distinction between companies that go public by combining the listing with a public transaction and those that are not involved in a public transaction and whose listing is simply a 'technical listing'.

In this way, we would also like to draw investors' attention to the difference between the risks associated with listings combined with public transactions and listings without them," said Zsolt Katona, CEO of the BSE.

By launching this new category, the BSE also aims to promote the option of technical listing, the simplest form of entering a regulated market, to companies considering going public. From category "T", it is easier to move up to a higher category later if the company carries out a public transaction.

"We are convinced that this change will enhance the prestige of categories "B" and "A" and improve the market assessment of public transactions as we are certain that sooner or later each and every company will target these higher, premium categories," Katona said.

Companies that went public in the past through technical listing and are currently included in category "B", but have no history of public transactions will have a one-year grace period to carry out a public transaction to stay in category B.

MOL Renovates Base Storing Strategic Kerosene Reserves Energy Trade

MOL Renovates Base Storing Strategic Kerosene Reserves

EU Should Not Close Itself off From China, Says Minister EU

EU Should Not Close Itself off From China, Says Minister

Siemens Energy Inaugurates Production Hall, Training Center Manufacturing

Siemens Energy Inaugurates Production Hall, Training Center

Puskás Arena to Host 2026 Champions League Final In Budapest

Puskás Arena to Host 2026 Champions League Final

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.