It has been more than 1000 days since a company was last listed on the so-called main stock exchange in this country. This is shown by a report prepared by the interest organization Foreningen af Børsnoterede Virksomheder (FBV).
The main stock exchange is a place where you can trade shares - including from the largest and most well-known Danish companies such as Mærsk, Novo Nordisk and Vestas.
Over a number of years, however, the range of investment opportunities on the Danish main stock exchange has shrunk considerably. The number of companies on the main stock exchange has almost halved from 204 of the kind back in 2007 to 114 last year.
The report is the first of three in which FBV makes recommendations on how to reverse the downward spiral. Among other things, it is pointed out that the Danish pension funds may make it more attractive to list your company in Denmark.
According to the interest organization, only 141 billion kroner out of the total Danish pension assets of 5,000 billion kroner are currently invested in Danish listed shares. This corresponds to 2.8 percent. In comparison, 22 percent of the wealth according to FBV is invested in the United States.
- Denmark has one of the world's strongest pension systems, says Henriette Kinnunen, who is the chairman of the board of the interest organization.
- That competitive advantage should be used to a much greater extent to create growth, jobs and value creation at home.
The Danish Export and Investment Fund (EIFO) also noted the trend in a report published in August last year.
- In optimistic markets, higher valuations and investor confidence make it easier to raise capital, which encourages companies to go public, Eifo wrote in its report.
- In recessions, volatility and lower prices discourage IPOs, as companies risk undervaluation and weak investor demand.
/ritzau/
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