The Madrid Stock Exchange has witnessed a significant stock event with the addition of Alquiler Seguro Asset Market SOCIMI (ASAM) to the BME Scaleup market. The traditional Bell Ringing ceremony was attended by Sergi Gargallo Lorente, president and CEO of ASAM, along with Jesús González Nieto, managing director of BME Scaleup.
Alquiler Seguro Asset Market SOCIMI becomes the twentieth company to join this market, which is specifically designed for startups, SOCIMIs, and various organizations seeking initial access to capital markets. With a reference price of 13.8 euros per share, the company achieves a total valuation of five million euros.
Jesús González expressed his enthusiasm for this new addition, highlighting the significance of adjustments in market entry requirements, making BME Scaleup an attractive platform for companies looking for an initial approach to capital markets. “This is excellent news because it shows that simplifying entry requirements is greatly appreciated by companies,” he commented.
VGM Advisory Partners’ advisory played a crucial role in helping ASAM begin trading under the code “SCASM”. Images of the event are available on Flickr for those interested in taking a closer look at this event.
BME Scaleup market is specifically focused on scaleups, companies with a proven business model and accelerated growth for at least three years, with a minimum turnover of one million euros or equivalent investment. Additionally, the market offers transparency and simplification of requirements, benefiting SMEs, SOCIMIs, and family businesses.
For companies, BME Scaleup offers a range of benefits, such as raising funds to promote growth, improving brand visibility and prestige, expanding investor base, optimizing inorganic growth, and facilitating talent retention. Requirements for listing include being a public limited company, having a board of directors, having a registered advisor, and publishing audited annual accounts.
Currently, BME Scaleup already has 14 registered advisors, positioning itself as a crucial bridge between expanding companies and investors, providing a conducive environment for growth and innovation within the Spanish business landscape.
Source: MiMub in Spanish
