What is the Alternative Stock Market (MAB)?
The MaB is a market oriented to companies with reduced capitalization that seek to expand, with a custom regulation, designed specifically for them and costs and processes adapted to their characteristics.
The Alternative Stock Market (MaB) is a multilateral trading system (MTF). Four types of companies are listed: companies in expansion, SICAVs (Variable Capital Investment Companies), SOCIMI (Real Estate Investment Companies) and ECRs (Venture Capital Companies). It is directed and managed by Bolsas y Mercados Españoles (BME) and supervised by the Spanish National Securities Market Commission (CNMV).
Currently, it has 40 companies in expansion and 68 SOCIMI. It is worth mentioning that of these, a total of 11,971 million euros is invested by SOCIMI and 1,352 companies in expansion.
MAB, in depth
Characteristics of MAB
n Aimed at small-cap companies looking to expand
n It has a tailor-made regulation
n Costs and processes adapted to their characteristics
n Two segments of companies: companies in expansion and SOCIMIS
Requirements for joining MAB
n Being a Corporation
n Complying with transparency requirements
n Commitment to inform the market
n Appoint a Registered Advisor and a liquidity provider
n Shareholding diffusion: shareholding packages of less than 5% of the share capital must represent a value of more than 2MM
n Emitter’s Guide
n Requirements and procedures for incorporation
n Information to be provided by listed companies