So far in 2022, the renamed (formerly Mercado Alternativo Bursátil, MAB) has welcomed two new listed companies (the renewable energy firm and the biotechnological firm) up to a total of 128 values (excluding , que ) and 50 companies if we exclude the socimis.
IPOs in this market have tripled since 2015 and also triple those that have occurred in the senior market in the same period. Although the largest number of bell rings occurred between 2016 and 2017, the truth is that even in 2020, not even the coronavirus prevented three firms (Making Science, Soluciones and Aspy) from choosing to debut in this environment that some companies use as springboard to jump into the Continuum. This was the case of , and, last January, the aforementioned Atrys.
Technological and renewable
If there is one aspect that has made the difference between the Ibex Growth Market (which measures the behavior of the 15 companies with the highest volume of trading in the BME Growth segment) compared to the Ibex 35 since its launch in 2017 (more than 124 profitability points ) has been the destabilizing effect of growth stocks, especially technology, on the composition of the former.
In total, 15 firms listed on this market can qualify under the tech label and accumulate an average profit of more than 230%. Specifically, (which has multiplied its value tenfold since it went on the market in 2010) accumulates a revaluation of 893% and Facephi Biometria has fallen 10% since 2014. Among the companies that reached the market between 2015 and 2019, Agile, Gigas , Lleidanet, Netex, Tier 1 Technology and Izertis recorded triple-digit increases.
The largest firm by size on the stock market is Proeduca, which is close to 900 million euros
The list is completed by Making Science, Soluciones Cuatroochenta, Parlem Telecom, MioGroup, Llorente y Cuenca, Aeternal Mentis, which have risen between 284% and 2% in their trajectory as listed companies. Finally, Enerside and Vytrus advance 1.7% and 62%, respectively, since their debuts.
The other sector that has found in BME Growth the ideal breeding ground for entering the market is that of renewables. In 2021, in the heat of the sustainable fever as a result of the pandemic and for this type of energy, there were many companies that studied going public in this context.
In this way, the already listed companies Greenalia (2017) and (end of 2019) have been joined by EiDF in 2021 and Enerside in 2022.
“It is not risky to affirm that the stock market incubator of companies that BME Growth represents seems well structured to accelerate our change of production model in the right direction,” says the study The transformation of the economy begins with the markets prepared by Domingo García Coto and Javier Garrido Domingo, from the Six Group Spanish Market and Stock Market Studies Service.
BME: “The stock market incubator of companies that BME Growth represents seems well structured to accelerate our change of production model in the right direction”
“Since its creation, twelve years ago, 69 companies included in the expansion segment of BME Growth have taken advantage of the financing mechanisms available to them to obtain 1,559 million euros through 250 corporate operations,” the report added.
Due to its stock market size (excluding socimis), the largest firm is , the group that owns the International University of La Rioja (UNIR). The distance education firm capitalizes close to 900 million euros after rebounding 275% since its debut.
They are followed, in this order, by , which is close to 500 million in size after adding more than 500% since July 2021 and , which has posted gains of 585% since 2017. It should be remembered that in euros for at least six months.
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