Thursday July 6 2023
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: Spain
On 6th July 2023, Bolsas y Mercados Espanoles (BME) announced the launch of BME Scale, a new market aimed primarily at scale-ups. This type of company has a proven business model, in an accelerated growth phase for at least three years with a minimum turnover of one million euros and/or an investment of at least that amount.
BME Scale enters fully into an ecosystem in which companies were financed almost exclusively through venture capital, business angels and participatory financing platforms.
Financial markets will also be an option for these companies, which will also automatically access the Pre-Market Environment programme.
This new market, organized as a multilateral trading system and supported by BME’s trading and settlement technology, will also be open to other types of companies such as SMEs, SOCIMIs or family businesses seeking a first contact with the capital markets even if they do not meet the free float or other reporting requirements imposed by BME Growth. As soon as companies meet these requirements, they can apply to join BME Growth.
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