Alquiler Seguro Joins BME Scaleup with €5 Million Valuation
Deal News | Dec 10, 2024 | Iberian Lawyer
In an exciting development for the BME Scaleup market, Alquiler Seguro Asset Market SOCIMI (ASAM) has successfully made its debut on the platform. The listing ceremony, marked by the traditional ringing of the bell at the Madrid Stock Exchange, was attended by key figures such as Mr. Sergi Gargallo Lorente, Chairman and CEO of ASAM, and Jess González Nieto, Managing Director of BME Scaleup. With Alquiler Seguro becoming the twentieth company to join BME Scaleup, the market continues to demonstrate its appeal, especially given the simplified listing requirements that attract companies looking to access capital markets. The company's shares were valued at 13.8 euros each, resulting in a total company valuation of 5 million euros. The law firm Pérez-Llorca advised on the listing, with a dedicated team comprising Teresa Méndez, Javier Bau, José Azqueta, María Díaz, and Maria Barragan.
Sectors
- Financial Services
- Real Estate Investment Trusts (REITs)
- Legal Services
Geography
- Spain – The event took place in Spain, specifically at the Madrid Stock Exchange, and involves Spanish companies and legal advisors.
Industry
- Financial Services – Involves the listing of a company on a stock exchange, requiring financial advisory and market expertise.
- Real Estate Investment Trusts (REITs) – Alquiler Seguro Asset Market SOCIMI operates as a SOCIMI, a Spanish REIT, engaged in real estate investment.
- Legal Services – Pérez-Llorca provided legal advisory services for the IPO, showcasing the critical role of legal services in public offerings.
Financials
- 13.8 euros per share – Reference price per share for Alquiler Seguro during its listing on BME Scaleup.
- 5 million euros – Total valuation of Alquiler Seguro Asset Market SOCIMI as inferred from the share price.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Alquiler Seguro Asset Market SOCIMI | Target Company | Company | An entity that joined BME Scaleup, engaging in real estate investment as a SOCIMI. |
| BME Scaleup | Bidding Companybuyer | Company | The segment of BME where Alquiler Seguro Asset Market SOCIMI has been listed. |
| Pérez-Llorca | Legal Advisor | Company | Provided legal advice for Alquiler Seguro's IPO, involving a team of corporate and tax experts. |
| Sergi Gargallo Lorente | Chairman and CEO of ASAM | Person | Executive leading the bell-ringing ceremony for Alquiler Seguro at the Madrid Stock Exchange. |
| Jess González Nieto | Managing Director of BME Scaleup | Person | Participated in the ceremony and represents BME Scaleup. |