Your firm may issue shares or bonds which may be listed on one of the stock market’s three equity markets or the bond market.
Your firm is eligible to be floated on one of the three equity markets (the Main Market, the Development Market and the Growth Market) if it meets the main criteria as follows :
(*) :The minimum amount issued corresponds to the amount that your firm wishes to raise on the stock market. It concerns the number of securities offered to the public multiplied by the initial public offering price.
For example : Company A decides to offer to the public 100,000 shares at a price of MAD 200 per share. The amount issued will therefore be MAD 20,000,000 (100,000 x 200). The security will therefore be listed on the Growth Market.
For this market, the criteria are as follows :
|Number of certified financial periods
|Consolidated financial statements
||Yes, for companies with subsidiaries
|Minimum amount issued
(*) : corresponds to the minimum life of the bond