Structure · Finance · Transform
FAM advisory
Structured financeMarch 20234 min read

SMEs, you can obtain financing via the Stock Exchange

SMEs, you can obtain financing via the Stock Exchange

The BRVM's third compartment, 'BRVM Small Caps', offers SMEs access to long-term capital. What are the eligibility conditions?

The BRVM's third compartment

The BRVM's third compartment, called 'BRVM Small Caps', aims to offer SMEs and high-growth-potential companies access to long-term capital, to accelerate their growth and make them champions of the sub-region's economies.

Eligibility conditions

  • Have the legal status of a public limited company (S.A.)
  • Have a minimum share capital of 10 million FCFA (15,000 euros)
  • Have certified financial statements for the two years preceding the application
  • Produce a three-year business plan
  • Float a minimum of 500,000 shares, i.e. at least 10% of the share capital
  • Have signed a contract with a listing sponsor
  • Shareholders holding at least 10% commit to maintaining their stake for 3 years

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