Vlivy tržních ukazatelů na primární veřejné nabídky akcií ve vybraných zemích EU
Influence of market indicators on primary public offering of shares in selected EU countries

Summary/Abstract: This article deals with the initial public offering (IPO) in selected European Union countries in Bulgaria, Romania, and Croatia between 2010-2016. The best indicator for the quality of capital markets are the new public issues of shares, their number, and value. The external factors of public issues as market indicators are considered to be determinant factors of IPO. Market capitalization, annual turnover, turnover rate and the number of listed companies, i.e. liquidity indicators, and size of the markets, are the forecasted IPO drivers. The primary and secondary markets of Zagreb, Sofia and Bucharest stock exchanges were the subject of the research. In recent decades, these markets have resumed their activities after the collapse of the Communist regime and have begun to take part in the recovery of their economies. Spearman´s correlation test was used to describe the effects of individual market determinans on the IPO in selected countries.

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