Spain eases rules in bid to stop IPOs being derailed by market turmoil

Spain is set to enhance flexibility for companies launching initial public offerings (IPOs) by extending the timeframe for shares to begin trading from five days to 18 months, allowing firms to choose optimal market conditions. This change, driven by a series of last-minute IPO cancellations and aimed at revitalizing the European market, follows recent instances where companies like Europastry and Tendam postponed their flotations due to external uncertainties. The new BME Easy Access process will enable companies, particularly those valued at €500m or more, to mitigate risks associated with macroeconomic factors during the IPO process.

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