Mistral Iberia II will join BME Scaleup valued at €9.5 million. The stock market manager has announced that the Market Coordination and Incorporations Committee has approved the entry of the socimi, an asset management company with a portfolio of urban real estate, into BME Scaleup after verifying that it meets the necessary requirements.
The Board of Directors of Mistral Iberia II, which belongs to the socimi Mistral Iberia Real Estate, has set the initial trading price of the shares at 1.88 euros each, reflecting an initial capitalisation of 9.5 million euros. The company has Armabex as its registered advisor.
BME Scaleup is aimed at 'scaleups', companies that have demonstrated an effective business model and are in an accelerated growth phase for at least three years, with a minimum turnover of one million euros or investments of the same amount. To be listed on this market, companies must be public limited companies, have a board of directors, be assisted by a registered advisor and publish audited annual accounts. There is no requirement to have a liquidity provider or to meet a minimum free float.