Budapest bourse to reshape system of listing categories

Deals

Photo courtesy Budapest Stock Exchange

The Budapest Stock Exchange (BÉT) will reshape its category system for the listing of equity series to better fit in with best international practices and help to strengthen the new BÉT Xtend market, the BÉT told Hungarian news agency MTI.

The amended categories will take effect for newcomers on January 1, 2019; issuers already listed will have to adopt the new system a year later, by January 1, 2020.

In order to be listed in the Standard category, a business will be required to have a minimum market capitalization of HUF 250 million, and at least 10% of free-float (or HUF 100 mln worth of free-float or a minimum of hundred shareholders) and at least one closed business year.

The current differing criteria for listings and for category reviews will be unified, and the bourse will check the continuous compliance of the issuers with the capitalization and free-float criteria twice a year both in the Prime and in the Standard segment.

Listing through a public transaction will no more be a condition in the Standard category. No newcomer will be accepted to the third, T (technical listing) category of the BUX; the bourse will instead invite businesses interested in the anteroom of the market into the BÉT Xtend market.

ADVERTISEMENT

Pandemic has only moderate impact on big companies Analysis

Pandemic has only moderate impact on big companies

Parl't to vote on groundwork for commercial accommodation ra... Parliament

Parl't to vote on groundwork for commercial accommodation ra...

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest re-launches airport shuttle bus City

Budapest re-launches airport shuttle bus

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.