There were 4 IPOs on BSE for the period April-June: that of Kaolin, Corporate Commercial Bank, First Investment Bank and Todoroff.
With these four debuts our stock market ranks ninth in Europe, right after the bourse in Madrid (5 IPOs). Big stock markets, as that of Switzerland (3 IPOs) and Vienna (one IPO) come after BSE in the chart, compiled by the Warsaw Stock Exchange.
Logically, number one in terms of the number of IPOs, is the London Stock Exchange, with 36 initial public offerings in second quarter.
Surprisingly, the Warsaw Stock Exchange ranked second with 20 IPOs, and the Norwegian bourse is third with 15.
14 bourse debuts were made on the competing Euronext and OMX, followed by Borsa Italiana and the German Stock Exchange with 12 and 11 IPOs, respectively.
The numbers are summarized in the following table:
|Ranking||Stock Exchange||Number Of IPOs in 2Q|
|1||London Stock Exchange||36|
|2||Warsaw Stock Exchange||20|
|3||Norway Stock Exchange||15|
|7||German Stock Exchange||11|
|8||Madrid Stock Exchange||5|
|9||Bulgarian Stock Exchange||4|
|10||Swiss Stock Exchange||3|
|11||Viena Stock Exchange||1|
Source: Warsaw Stock Exchange
If we take into consideration the large number of expected IPOs in Bulgaria before the end of the year, we may say, that the local stock market is definitely going to move forward in the chart.
Currently, there are around 20 companies in Bulgaria which have publicly announced their intentions to become public by listing on the stock exchange. The list of such companies includes Netinfo, M3 Communications Group, Bulgarian Publishing Company, Enemona, Lev Ins, Herti, trace Group Holding, Investbank and others.