BME has announced the launch of BME Scale, a new market focused mainly on scale-ups. These companies have a proven business model, in an accelerated growth phase for at least three years, with a minimum turnover of €1 million and/or an investment of at least that amount.
BME Scale enters fully into an ecosystem in which, until now, companies were financed almost exclusively through venture capital, business angels and participatory financing platforms. Now, financial markets will also be an option for these companies, which will also automatically access the Pre-Market Environment programme.
"With the launch of this market, BME seeks to support companies in all stages of their growth. BME Scale perfectly complements our offer for all types of companies that want to be listed and financed through the capital markets, together with the Entorno Pre Mercado initiative and BME Growth, the SME stock market, which can serve as a springboard to the main market," explains Jesús González, Managing Director of BME Growth and BME Scale.
The requirements to join this market include: being a public limited company, having a board of directors, being accompanied by an advisor registered with the market and publishing audited annual accounts. It will not be necessary to have a liquidity provider or to meet a minimum free float.
This new market, organised 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.
BME Scale is aimed at specialised investors with sufficient knowledge of capital markets and who are aware of the higher risk involved in investing in this type of company.