Don't be afraid of the Stock Exchange
The managers of companies who decided in the past few years to
get the company listed on the Stock Exchange say the fears of
Romanian entrepreneurs related to opening their businesses up to
the public and to investors are exaggerated and that Romanians are
too secretive, considering that in developed countries most
medium-sized and big businesses are listed on the stock
exchange.
Brokers say that, although Romanian entrepreneurs would like to
attract money through the Stock Exchange, when they hear about
transparency requirements, many change their minds. "There are so
many listed companies in the world that are doing very well. I
think we are over-secretive and people exaggerate a bit. I don't
know of any concrete cases where information published on the Stock
Exchange affects a company's activity. The only difference is there
are more reports to draw up," says Emanoil Viciu, chairman of
Teraplast Bistri]a (TRP), the last company to get listed on the
Stock Exchange in 2008 through an initial public offering which
helped it raise around 50 million lei (15.6 million euros).
The managers also say the requirements of the capital market as far
as transparency and Stock Exchange investors' needs are concerned,
only have to do with general information about the company, not
detailed information that can, indeed, be more sensitive.