WSE in view of the intensification of the delisting campanies Cover Image

Nasilenie zjawiska delistingu spółek na Giełdzie Papierów Wartościowych w Warszawie
WSE in view of the intensification of the delisting campanies

Author(s): Waldemar Rogowski, Kamil Gemra
Subject(s): Financial Markets
Published by: Szkoła Główna Handlowa w Warszawie
Keywords: stock exchange; WSE; raising capital

Summary/Abstract: The article was devoted to the phenomenon of delisting companies from the Warsaw Stock Exchange. The purpose of the article is to identify the reasons of leaving the Stock Exchange by issuers and to predict trends related to this phenomenon in the future. The article describes reasons found in the official materials of the WSE as well as other direct and indirect factors that influence withdrawal of companies from the stock exchange. In addition, the case study method was used, describing the tender offer for Prime Car Management shares and its regulatory consequences. Based on the analysis, it was found that the domestic Stock Exchange lost its attractiveness for companies from traditional industries and the phenomenon of deleting will continue to intensify with the simultaneous absence of new issuers debuting on the market. An opportunity for the WSE may be technology entities that obtain much higher pricing acceptable by investors.

  • Issue Year: 53/2019
  • Issue No: 4
  • Page Range: 51-59
  • Page Count: 9
  • Language: Polish