Approval of the relevant authorities for Sparks, the Swiss stock exchange’s new equity segment dedicated to Small & Medium Enterprises (SMEs), has been obtained. Preparations for the launch of the platform are now under way.
SMEs can be listed and traded in the new Sparks segment starting 1 October 2021. All relevant rules and regulations will be made public in the coming two weeks. This means, that SMEs now have the necessary certainty to put their IPO projects in motion.
Listed SMEs will benefit from having greater flexibility in optimizing their ownership structure, broadening their financing options and gaining access to a broad investor base thus raising equity-capital efficiently.
Investors stand to benefit from the new Sparks trading model which supports effective price formation and best-execution in equity securities.
Naturally, SMEs listed on Sparks benefit from all the well-known advantages of being a listed company on the Swiss stock exchange.
According to Christian Reuss, Head SIX Swiss Exchange, “Having an SME stock exchange for Switzerland’s powerhouse SMEs - the backbone of our economy and society - enables us to further support them and their owners in their growth ambitions. It also strengthens Switzerland’s exceptionally well-functioning ecosystem for public capital raising.”
More information: SIX Swiss Exchange to Launch Sparks - its New SME Equity Segment (six-group.com)