Publication CEPYME500 2017

#BME
MAB, A MARKET THAT FITS GROWING COMPANIES
The MAB is a market that is primarily aimed for low-capitalisation companies that seek to expand,
with a customised regulation specifically designed for them and with costing and processes
adapted to their characteristics. Indeed, those are the reasons why it is considered as a very
accessible market for them.
Over the years, listing on the MAB has brought numerous advantages. Numerous SMEs have
been able to benefit from this fact after deciding to take a leap into this market. It has made the
access to financing easier for companies with reduced capitalisation, providing greater visibility
and notoriety to the companies and granting them a method of objective business assessment.
In fact, all of these facts have not implied a loss of control over the company.
In addition, this market offers liquidity to shareholders and helps the company to consolidate a
more professionalised management.
As noted above, one of the main MAB's virtues is that it has served as a tool to facilitate access
to finance for small cap companies. Proof of this is that the companies that are part of this market
have benefited from it for attracting funding and thus undertaking their projects and growth
strategies.
From the MAB's creation in 2009 until June 30, 2017, the total capital raised by companies
has amounted to more than 1.3 billion, divided into 132 operations.
PRE-MARKET ENVIRONMENT
The Premarket Environment is a joint initiative by Bolsas y Mercados Españoles and Asociación
Nacional de Business Angels (Big Ban Angels). The aim is that startups can get to know the functioning
of the stock market and can have access to new investors.
Companies that join are helped to incorporate the necessary support to reach the level of competences
that the regulation requires to be financed through capital markets.
In order to achieve the aforementioned objective, a virtual space is available (the website of the
Environment) together with as a physical space, initially at the Valencia Stock Exchange, which
allows for training and contacts between companies and investors through the celebration of
events such as the Investors Day, Transaction Days, meetings with shareholders, etc.
It is aimed at startups (their management teams and shareholders) that, like us, believe that the
stock market is an alternative and a business financing complement. They are considering to
proceed with it, but need help to overcome access barriers.
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