Alternative Securities Markets in Poland and the United Kingdom Cover Image

Alternative Securities Markets in Poland and the United Kingdom
Alternative Securities Markets in Poland and the United Kingdom

Author(s): Joanna Małecka
Subject(s): Social Sciences, National Economy
Published by: Wydawnictwo Naukowe Wydziału Zarządzania Uniwersytetu Warszawskiego
Keywords: NewConnect; AIM; SME; listed companies; admissions; alternative market

Summary/Abstract: Designed for smaller, dynamically growing and innovative companies, the NewConnect market offers not only an opportunity to raise capital for development, but also prospects for a company to emerge on the public market. In terms of the number of listed companies, it is the second largest European alternative market, just after the UK AIM. Considering its total capitalization, however, it ranks ninth. This article attempts to present the development of both markets, comparing the initial nine years of operation of each of them in order to show the position and determine the future development of the Polish capital market, in particular NewConnect, established for small and medium-sized enterprises, the number of which in Poland corresponds to half the EU average.

  • Issue Year: 14/2016
  • Issue No: 4 (63)
  • Page Range: 11-24
  • Page Count: 14
  • Language: English