Bulgarian Asset Management Company Association (BAMCA) and the Commission for Financial Supervision (CFC) organised a meeting dedicated to capital market issues, the press office of the financial watchdog announced on October 10.

The meeting aimed at identifying existing trends and risks that might incur market “overheating”. Among issues put up for discussion were the high growth rates in collective investment schemes development, the increase in market demand and returns on investment, IPOs and ensuing results.
Participants in the meeting took due note that recent IPOs tended to be times oversubscribed and agreed that the trend would be sustained over the medium term.

Representatives from both institutions also mapped out measures to wipe out deficiencies in existing procedures.
At present, the IPOs with the highest oversubscription rates are the Central Co-operative Bank (14 times oversubscribed) and mineral water bottling company Devin (11 times).