SMEs and start-ups can access financing through capital market

AeRO to be launched by the end of 2014.

Small and medium – sized enterprises (SMEs) and start-up sector is the most dynamic part of the Romanian economy, and many entrepreneurs have difficulties in access to financing. Bucharest Stock Exchange (BVB) will allow to small companies to go public and list on the stock exchange.
in this context, more than 90 SMEs from Sibiu County learned last week about financing through the capital market. BVB presented AeRO to entrepreneurs, a platform that will allow access to financing small companies and start-ups, a press release informs.
“SMEs and start-up companies have a huge growth potential, and lack of money delays their development. AeRO will open new financing alternatives of financing for Romanian entrepreneurs, who have great ideas and want to expand their businesses. Many companies, in their early stage of development, can have a great development if they are supported and investors in the capital market are looking for new opportunities to diversify their portfolios”, stated Ludwik Sobolewski, BVB CEO.
A company can become public if it has a predictable minimum value of EUR 250.000, and a minimum10 percent free – float. AeRO will be launched by BVB by the end of 2014. Launching date depends on framework approval by the Financial Supervision Authority.
AeRO introduces a new element in Romanian capital market – the institution of Authorized Advisor. To become an Authorized Advisor, a company must be approved by Bucharest Stock Exchange after an evaluation and selection process. The Authorized Advisor will assist the entrepreneur in the pre-listing period, and after that, for reporting purposes (financial reports, current reports, General Shareholders’ Meeting, etc.)