Bourse watchdog plans extra meeting in October to allow more IPOs. The Securities and Exchanges Commission (KPWiG) plans to hold an additional sitting still in October, devoted entirely to admittance of new companies to public trading. KPWiG's spokesman Miroslaw Kachniewski told the news agency ISB that the date of the meeting had not been scheduled yet. The next regular meeting of KPWiG has been planned for Nov 9. Currently, KPWiG has 38 issue prospectuses to look into, including 31 filed by companies willing to debut on the Warsaw Stock Exchange (WSE). ISB has unofficially learnt that KPWiG had come under pressure to increase the number of companies it admits to public trading. So far this year, as many as 22 companies began trading on the WSE. According to the Association of Individual Investors (SEG), one cannot rule out attempts to expert such pressures on the part of the WSE wannabes. ÒIn normal situation, the commission's timetable worked fine. Now, however, the situation is different, at least due to the number of issue prospectuses filing in,Ó SEG's irector Joanna Billewicz-Fotowicz told.
More IPOs to trade at Warsaw stock exchange