200 "floatations" on RASDAQ since the beginning of the year

Over the past year, investors on the Stock Exchange have discovered more than 200 companies listed on the RASDAQ, which, due to a rise in liquidity, are now subject to the trading norms of the National Securities Commission (CNVM). Due to the lack of new floatations and also to the limited alternatives offered by the regulated market, the investors have turned their attention towards the RASDAQ market, bringing several companies into the spotlight. Promoting these companies is as important as an actual listing, with many of the RASDAQ “stars” registering more trading than Transelectrica and Alumil, the only two companies listed on the Stock Exchange in the past year. At the beginning of this month, over 400 companies listed on the non-regulated market met the conditions imposed by the CNVM, for their shares to comply with a daily price variation limit: to have been traded at least once a week over the last three months, and to have had over 1% of their share capital change hands onto the market in the last year. On the other hand, the number of companies listed on the RASDAQ has dropped from around 3,600 at the beginning of last year, to 2,200 at present, after the Stock Exchange “did some cleaning” among the companies that did not fulfil the necessary criteria for a listing.