RESYDENZA SOCIMI to start trading in BME Scaleup on 10th May
- The company, which is the third to join this new BME market, starts with a valuation of €4.3 million
The Board of Directors of BME Scaleup has approved the incorporation of RESYDENZA SOCIMI next 10th May 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 €0.87 per share, taking into account the valuation report made by an independent expert, which implies a total valuation of the company of €4.35 million.
The company's trading code will be “SCRES”. The company's Registered Advisor is PKF Attest Servicios Empresariales.
RESYDENZA SOCIMI is a company belonging to the Pryconsa Group specialized in the generation of a portfolio of properties for rent with the right to buy. The novelty of the Company's business model is that it allows the tenant, and future owner, a better planning of savings to access the purchase of housing. Its purpose is to help solve the difficulty of access to home ownership, especially in sensitive segments, such as young people.
The Initial Market Access Document of RESYDENZA 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 12 registered advisors.
