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Friday, April 28, 2017 
Market Status: OPEN
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Ways of getting listed

A company has several alternatives for accessing the AeRO, as follows:

  • Private placement – an offer addressed to a limited number of potential investors, maximum 150. There is no need to provide a prospectus that has to be approved by the Financial Supervisory Authority.
  • Public offering of the shares (IPO) – requires the preparation of a prospectus and the fulfillment of all the legal and regulatory proceedings.
  • Technical listing – no offer takes place before the listing.

Admission Criteria

In order to be accepted for trading, the candidates will need to to have an estimated capitalization of at least EUR 250,000, estimated either through a previous private placement, an Initial Public Offer (IPO) or based on the trading history on another trading platform. In the absence thereto, the early capitalization will be estimated on the basis of an assessment made by the Authorized Advisor. Other criteria that will be taken into account are: a free float, shares available for trading, of at least 10% or have 30 or more shareholders.
BVB can take into account the admission to trading on AeRO of the issuers even if one or more criteria mentioned above are not met.

AeRO Contact


Issuers Department

e-mail: ats@bvb.ro
phone: +4 0213 179.922