ORES ALEMANIA to start trading in BME Scaleup on 22th July
- The company, which is the twelfth to join BME's new market, starts with a valuation of 107.5 million euros
The Board of Directors of BME Scaleup has approved the incorporation of ORES ALEMANIA next 22th July once all the documentation submitted by the company has been analyzed and studied and the favorable evaluation report of the Market Coordination and Incorporations Committee has been issued.
The Board of Directors of the company, has taken as a reference for the start of the trading of the shares a price of €1,000 per share, taking into account the valuation report made by an independent expert, which implies a total valuation of the company of €107.5 million.
The company's trading code will be “SCORE”. The Registered Advisor to the companies is VGM Advisory Partners.
The company, which is a SOCIMI, is an asset-holding company owning a diversified portfolio of commercial real estate in various locations in Germany.
The Initial Market Access Document of ORES ALEMANIA is available on the BME Scaleup website, where all the information regarding the company and its business can be found.
BME Scaleup is aimed especially at scaleups, companies with a proven business model, in an accelerated growth phase for at least three years, with a minimum turnover of one million euros and/or an investment of at least that amount. This market, which offers the necessary transparency to investors and simplifies the incorporation requirements for companies, is also open to other types of companies such as SMEs, SOCIMIs or family businesses seeking a first contact with the capital markets.
Among the advantages of BME Scaleup for companies are its ability to boost growth with funds for financing, obtain greater prestige and brand visibility, the possibility of expanding its investor base, the boost to inorganic growth and greater ease of attracting and retaining talent.
To be listed on this market, a company must be a public limited company, have a board of directors, be accompanied by an advisor registered in the market and publish audited annual accounts. It is not necessary to have a liquidity provider or to comply with a minimum free float.
BME Scaleup already has 14 registered advisors.
