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A new facility for the entrepreneurial companies planning to get financing on the capital market from July 1st 2021

6/8/2021

  • The entrepreneurial companies searching for financing on the capital market will be exempted, as of July 1st, 2021, from paying the processing fee for listing their first financial instrument on the Bucharest Stock Exchange Multilateral Trading System
  • The facility comes after a period of two and a half years when an increasing number of companies have chosen Bucharest Stock Exchange for financing their plans and growth stories

 

The entrepreneurial companies that want to attract financing by issuing shares, bonds or other financial instruments on Bucharest Stock Exchange (BVB) Multilateral Trading System (MTS) are exempted as of July 1st, 2021, from paying the processing fee when listing their first financial instrument. The processing fee, which involves the analysis of the application for admission to trading of a financial instrument on the MTS, will be charged by BVB starting with the second financial instrument listed on MTS. The processing fee exemption facility applies only to new issuers, not to those who already have shares, bonds or other financial instruments admitted to trading on the MTS, before July 1st, 2021.

"In the last two and a half years, we have noticed a growing effervescence on Bucharest Stock Exchange, especially among smaller companies that have chosen to attract financing using the capital market. The liquidity on AeRO has increased significantly, approaching 1 million euros per day, more than three times comparing to 2020 and almost 12 times more than in 2015, when the AeRO market was launched. This fact proves the investors interest for the newly listed companies on this market. The new facility comes to support the development of the market in one of growth for SMEs", said Adrian Tanase, Bucharest Stock Exchange CEO.

12 entrepreneurial companies have become public since 2019 on the AeRO market, the equity segment within the MTS. At the end of June 7th, 2021, trading session, these 12 companies had a cumulative capitalization of RON 1.2bn (EUR 208mn). The new issuers operate in various fields, from agriculture, video games, affiliate marketing, IT, to wine or dairy production: iHunt, Norofert, Holde Agri Invest, 2Performant, MAM Bricolaj, Safetech Innovations, Agroland, Star Residence Invest, Firebyte Games, Raiko Transilvania, Vifrana and Agroserv Mariuta. In the last two and a half years, 25 bond issues with a total value of RON 219mn (EUR 45mn) went public on the MTS. There are 290 AeRO-listed companies, with a market capitalization of EUR 2.5bn. In the first five months of 2021, the average daily trading value on the MTS (shares, bonds and other financial instruments) was RON 5.8mn (EUR 1.2mn), and the total trading value reached RON 632.2mn (EUR 128.5mn).

Bucharest Stock Exchange offers financing possibilities for start-ups and SMEs from 2010, through the Alternative Trading System (ATS). From 2019, ATS becomes Multilateral Trading System (MTS), according to the European Union MiFID requirements. Using it, BVB contributes to the development of the business environment and ensures the financing of start-up companies' projects, start-ups and SMEs and their growth stories. Also, MTS brings in new investment opportunities for investors. The AeRO market, launched on February 25, 2015, which represent the equity segment of the MTS, is dedicated to listing companies and supporting entrepreneurs seeking financing for their businesses.