An Incentive Scheme to Encourage SMEs to Go Public
|Thursday, 11 August 2011 09:44|
From the 1st of July 2011 to the 31st December 2012, the Casablanca Stock Exchange is introducing a new offer to SMEs to encourage them to raise capital through the stock market.
The Casablanca Stock Exchange has decided to grant, under certain conditions, a maximum of 500,000 MAD to SMEs going public because of:
-The important role played by SMEs in the development of the Morocco`s economy;
-The cost of an IPO that varies from 2,2% et 5%, which can constitute a barrier to IPOs.
To be eligible for this offer, companies must:
- Have equity of less than 50 million MAD;
- Be listed on the growth or development markets;
- Issue at least 20% of its capital;
- Use the IPO proceeds to raise capital (with or without transfer).
Source: The Casablanca Stock Exchange website http://www.casablanca-bourse.com/bourseweb/index.aspx