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Warsaw Stock Exchange Successfully Attracts More Companies From The Region To Its Trading Floors

Date 28/11/2011

  • Sopharma AD has been newly listed today on the WSE as the 38th foreign issuer on the Main Market.
  • It is the second Bulgarian company, after Intercapital Property Development listed on NewConnect, to introduce its shares to trading on the WSE.
  • The WSE continues the strategy of building a regional capital hub in Warsaw and is planning to introduce a regional companies index.

“I am proud that, despite the recent turbulences on the global capital markets, Sopharma has decided to have its shares dual listed on the Warsaw Stock Exchange. Bulgaria is certainly a market where the WSE wants to be an important financial reference, a significant location on the map, generating investor interest. We will be working to build increasingly close Polish-Bulgarian relations so that more companies from Bulgaria find favourable growth conditions on the WSE,” said WSE CEO Ludwik Sobolewski on the occasion of the new listing.

Sopharma AD is the 37th new listing on the main market this year. The company has introduced to trading shares worth over PLN 974 million. Sopharma has previously been listed only on the Bulgarian Stock Exchange, where is it currently a participant of the main index and reports one of the highest liquidity ratios.

Sopharma is a leading Bulgarian producer, exporter and distributor of pharmaceutical products with a strong position in Eastern Europe and South-Eastern Europe. It offers a broad range of pharmaceutical products and medical devices and operates in Bulgaria and on 37 export markets.

The WSE’s two markets currently list 45 foreign companies (WSE Main Market: 38, NewConnect: 7) and the Exchange has 31 remote members in 14 countries. The vast majority of foreign issuers and investment companies acting as brokers are from Central and Eastern Europe.

The WSE is continuously engaged in new initiatives aiming to strengthen its position as the regional financial hub. On the occasion of Sopharma’s new listing, WSE CEO Ludwik Sobolewski announced the introduction of the WSE’s regional companies index: “We will soon finalise work on the introduction of a regional index of companies from countries with close capital relations with the market we organise around the WSE. I do hope that Bulgaria will be one of these countries.”

The Warsaw Stock Exchange is planning to start calculating the index in early 2012. 

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