A Special Stock Exchange for SMEs

A bill that would allow publicly listed shares of small and medium enterprises is being supported by the Panama Stock Exchange and the Company Accelerator at Ciudad del Saber.

Thursday, August 16, 2012

The "Stock Trading of Shares of SMEs" which could begin next year, aims to list shares from small and medium enterprises which have potential to develop a process of capital investment through angel investors.

"Manuel Lorenzo, director of the Acelerador de Empresas and manager of Ventura Club, the only network of angel investors in Panama, said that SME Exchange will pave the way for companies to list their shares in this market in preparation for being on the “Big Exchange” (VBP) in a further three or four years.

With the proposed model SMEs must comply with rules that require an organized market, such as transparency, corporate governance, having a board, posting relevant facts, financial reports, etc.. ", reports Panamaamerica.com.pa

More on this topic

72.9% Drop in Panamanian Stock Market Transactions

April 2009

This was, according to the Comptroller General of the Republic, during the first two months of 2009 in relation to the same period in 2008.

The Comptroller’s report also noted a decrease of 18.3% in the stock index.

Tagnia Shocrón S. wrote in Laestrella.com.pa: "The downward trend began with the volume traded in September 2008, and it has remained so far this year.

15.4% less traded in Panama exchange

January 2009

The total trading at the Panama Stock Exchange (BVP) at the end of 2008 was $1.93 billion, or 15.4% less than 2007.

According to laestrella.com.pa, "During the first three quarters of 2008, the BVP recorded an increase that was greater than in 2007, however in the last three months of the year, the situation was reversed.

Panamanian Exchange Trading Grows by 27.5%

January 2012

The total amount traded on the Panamanian Stock Exchange (BVP in Spanish) at the end of 2011 was $3.365 million, 27.5% more than in 2010.

A statement from the BVP said that the total amount traded was $1,377 million in releases of corporate bonds and $1,243 million in state certificates.

Why do SMEs fail?

March 2012

Over 50% of SMEs fail before they are three years old, 90% are no more than five years old and only 10% survive.

In the case of Nicaragua the subject is sensitive, "because 60 percent of its business backbone is made up of micro, small and medium enterprises, which account for 40 percent of gross domestic product (GDP), estimated at more than six billion dollars.

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