NewConnect is an alternative

stock exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for ...

allowing smaller companies to float shares. It is run by the

Warsaw Stock Exchange The Warsaw Stock Exchange (WSE) () is a stock exchange in Warsaw, Poland. Founded in 1817, it was located in the Saxon Palace until 1877 when it was moved to the Exchange Building at the Saxon Garden. Currently, it is located at ul. Książęca ...

. The exchange is conducted outside the regulated market as a

multilateral trading facility A multilateral trading facility (MTF) is a European Union regulatory term for a self-regulated financial trading venue. These are alternatives to the traditional stock exchanges where a market is made in securities, typically using electronic ...

. Compared to the main market of Warsaw Stock Exchange, NewConnect offers lower costs for floated companies, simplified entrance criteria and limited reporting requirements. The exchange maintains two indices, which measure the performance of listed companies: the broadly composed NCIndex (which comprises all companies listed on the NewConnect) and NSX Life Science (which comprises the companies from pharmaceutical and biotechnology sectors).

History

The first session took place on August 30, 2007. NewConnect was modelled on the basis of the British

Alternative Investment Market AIM (formerly the Alternative Investment Market) is a sub-market of the London Stock Exchange that was launched on 19 June 1995 as a replacement to the previous Unlisted Securities Market, Unlisted Securities Market (USM) that had been in opera ...

and Nordic

First North Nasdaq First North Growth Market is a division of Nasdaq Nordic and an alternative stock exchange (legally a multilateral trading facility) for smaller companies in Europe. The market place Nya Marknaden in Stockholm changed name to First North in ...

alternative share markets. Its aim was to provide financing and place of exchange for shares of smaller companies that listed on the main market of the Warsaw Stock Exchange.

List of companies

As of November 2021, there were 376 companies listed on the NewConnect with a market capitalisation of PLN 18.862 billion. Almost all of the listed companies are based in

Poland Poland, officially the Republic of Poland, is a country in Central Europe. It extends from the Baltic Sea in the north to the Sudetes and Carpathian Mountains in the south, bordered by Lithuania and Russia to the northeast, Belarus and Ukrai ...

with only 4 being foreign.

References

External links

* Financial services companies established in 2007 Stock exchanges in Poland Warsaw Stock Exchange {{Poland-company-stub de:Warschauer Wertpapierbörse#New Connect