Here’s the translation into American English:
The company Gesrenta BCN SOCIMI has received the green light for its entry into the growth markets of BME, with a debut scheduled for June 13th. This approval represents a significant step in BME’s efforts to attract new companies, establishing an initial valuation of 7.6 million euros. The Board of Directors has set the price per share at 133 euros, positioning Gesrenta BCN SOCIMI as the sixth firm to join BME this year.
Founded in 1989, Gesrenta BCN is a real estate investment company focused on the acquisition and management of properties in Spain. Its investment strategy primarily concentrates on Barcelona, including both residential and commercial properties, to ensure adequate diversification within its portfolio.
The trading code assigned to Gesrenta BCN SOCIMI will be “SCGRB,” and its Registered Advisor will be VGM Advisory Partners. Those interested in learning more about the company can access the Informational Document for Gesrenta BCN SOCIMI on the BME Scaleup website.
The growth markets of BME, which include both BME Growth and BME Scaleup, are designed to meet the needs of small and medium-sized enterprises. In 2024, these markets have welcomed 23 new additions, reaching over 150 companies listed for trading. BME Growth primarily targets small-cap companies from various sectors, while BME Scaleup focuses on scaleups and other types of businesses such as SMEs and SOCIMIs. The flexibility in listing requirements and transparency for investors are just a few of the advantages this framework offers, allowing these companies to finance their expansion, increase their visibility, and attract talent.
With the implementation of these growth markets, BME expands its service offerings, covering the initial phases of companies seeking to enter the capital markets to large corporations already listed on the stock exchange.
via: MiMub in Spanish
