Listing of companies in Athens Stock Exchange “opened” due to the prospect of Greece recovering its investment rating after the elections, which will put the country on the radar of a wider group of investors. According to “K”, eight companies are in the lobby for listing by the end of the year. Thus, the volume of shares in free float will also increase, and in general the coverage of the remaining technical criteria for the transfer of the Greek market to the category of developed markets will be accelerated, a rate that is estimated to be won before the end of next year.

In the main market

Six listings are expected on the Main Market of the Stock Exchange, among them the landmark listing of Athens International Airport “Eleftherios Venizelos” with the sale of 30% of the share capital.

This is an introduction with a key role for Greek tourism, which is scheduled for the end of 2023, in addition to the return of A.H. as an attractive investment destination, it will also increase the number of listed companies that meet the criteria for size, total capitalization and free float, which is necessary for it to be promoted by MSCI and FTSE ratings.

Earlier, at the beginning of autumn, the first bank is expected to enter the AE. in 17 years, Optima Bank, which will be accompanied by an increase in the authorized capital of 130 million euros and with the aim of further protecting the bank’s capital, its development and expansion of the shareholder base. President of Optima Bank Georgios Taniskidis recently noted that “our next important goal is to list our bank on the Athens Stock Exchange”.

Lamda Malls is also planning a stock exchange listing. The company’s managing director, Odysseas Athanasiou, recently mentioned in the context of an analyst briefing on full-year financial results that the introduction is scheduled for the end of the first half of 2024, however, according to information, this cannot be ruled out. will accelerate if the conditions that will be created in the country after the restoration of the investment level, will give impetus to the plans of the administration.

2023 will be the year of the most intense mobility on the state registration front in recent years.

Investment property

A flurry of imports from property management companies is expected in the second half of the year. These are Trade Estates of the Fourlis group, whose IPO is expected in the last quarter, Noval Property, a subsidiary of the Viohalco group, which is expected to list in October, and Orilina Properties of the investment firm Brevan Howard and Mr. Tryfona Natsi, which received an extension until mid-December for its introduction.

At the same time, there is growing interest and mobility in the AGA Alternative Market. (ENA). Two recent examples are, in addition, Entersoft and Epsilonet, which joined the Alternative in 2008 and the Main Market in 2020 and have multiplied their capitalization during this time.

Guide A.A. repeatedly mentioned the importance of supporting Greek SMEs by strengthening the alternative market. According to “K”, one application for membership has already been submitted, two applications for membership are ready to be submitted. In particular, the listing request was submitted by the IT company NewCo SA through Aeonic Securities CIF PLC, which is an AHA approved listing consultant, and among the companies that have expressed interest in listing, R Energy 1, which is already traded on the Cyprus Stock Exchange and plans to exit to “join” Athens Avenue.

Interest in listing companies on the AHE has clearly heated up, and if the aforementioned IPOs come to fruition, 2023 will be one of the most active in this direction in recent years.

Upcoming road shows

It is worth noting that in the context of promoting mid-cap companies to European institutional investors, the AHA is starting a series of roadshows, even before the second election, with the first Mid Cap conference in Geneva on June 13, then the Mid Cap conference in Paris on June 22 and the Mid Cap conference on Frankfurt October 31st. According to the information, interest in participation is quite high, more than 10 companies have already announced their participation.