notowane

Notowane is a Polish adjective meaning “listed” or “noted.” In a financial context it refers to securities that have been admitted to trading on a formal market, i.e., that are publicly traded on a stock exchange or another trading venue. The term is commonly used for shares (akcje notowane), bonds, and other instruments whose prices are determined through a public market.

On a stock exchange such as the Warsaw Stock Exchange (Giełda Papierów Wartościowych w Warszawie, GPW) or other regulated markets, a company becomes notowana through a listing. The process often follows an initial public offering (IPO) or direct listing and is subject to ongoing disclosure and governance requirements. In Poland, the issuer must comply with the exchange’s listing rules and relevant supervisory requirements of the KNF (Polish Financial Supervision Authority) or its European equivalents, including periodic financial reporting, corporate governance standards, and market abuse regulations. Notowane securities trade during the market’s operating hours, with prices determined by supply and demand.

Notowane versus private: unlisted companies do not have to publish the same extent of information and may raise capital through private placements. The term also applies to other asset classes, such as notowane obligacje (listed bonds) or funds traded on a regulated market.