The Bucharest Stock Exchange (BVB) announced on Tuesday that entrepreneurial companies searching for financing on the capital market will be exempted as of July 1, 2021, from paying the processing fee for listing their first financial instrument on BVB Multilateral Trading System (MIT).
BVB stated that the processing fee exemption facility comes after a period of two and a half years when an increasing number of companies have chosen BVB for financing their plans and growth rates, according to a press release.
„The entrepreneurial companies that want to attract financing by issuing shares, bonds or other financial instruments on BVB MTS are exempted from paying the processing fee when listing their first financial instrument,” said analysts at BVB.
The processing fee involves the analysis of the application for admission to trading of a financial instrument on the MTS, which 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.
„The liquidity on AeRO has increased significantly, approaching 1 million euros per day, more than three times compared to 2020 and almost 12 times more than in 2015, when the AeRO market was launched. The new facility comes to support the development of the market in one of growth for SMEs,” said BVB’s CEO, Adrian Tanase.
BVB stated that 12 entrepreneurial companies have become public since 2019 on the AeRO market, the equity segment within the MTS and at the end of June 7, 2021, trading session, these companies had a cumulative capitalization of RON 1.2bn (EUR 208mn).
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).