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Spain set to launch alternative market
Spain to launch AIM alternative
An alternative stock market aimed at growth companies and inspired by AIM’s light regulatory touch is due to be launched in Spain.
The move follows the success of the country’s main stock and derivatives exchange, Bolsas y Mercados Espańńoles (BME), launched in 2002, and a growing demand for equity financing amongst small and medium-sized companies. The latter generates some 65 per cent of Spain’s GDP.
The market, expected to be launched in the third quarter of this year, is indicative of the growing trend of European markets cutting back on red tape to attract listings.
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