Close

ISSUERS' GUIDE - Unbound capital for your successful growth

Corporate growth can take many forms. Choose the best path and become one of the market leaders. With the Prague Stock Exchange, you will gain access to new capital, prestige and sufficient flexibility. All this without limits of debt financing.

  • Next slide

PROČ UPSAT SVÉ AKCIE

Hlavní výhody vstupu na burzu

1

Capital without liabilities

Companies go public with a bit of exaggeration for "unlimited resources" for planned expansion or other investment plans. And without endangering the company's cash flow and without a credit burden or "repayment schedule".

2

Financial flexibility

The advantages of the public offering of shares include the optimization of the company's capital structure and the cost of current loans. Listed companies have a better bargaining position vis-à-vis financial institutions and can react flexibly to market developments.

3

Strengthening prestige, publicity and transparency

Admission to the stock exchange is a way to increase prestige and build a brand. The company will become a transparent and respected player and will rise in the eyes of investors and costumers. The company will also become more interesting as an employer.

4

Stability and control

The company decides for itself what share it will leave to external investors and how much of the subscription will be dispersed. It will not lose control and no restrictions in the form of pledges or guarantees await it.

VSTUP NA BURZU - IPO DLUHOPISOVÁ EMISE PRIVATE EQUITY BANKOVNÍ ÚVER
Interest-free capital with freedom of disposal
Choice of level of control over the company
Risk dispersion and unlimited resources
Optimization of capital structure
Publicity and visibility
Employee shares
CZK 0

one-off fee for admission to trading
on a regulated market

CZK 10m

value of marketing space
for the issue of Pilulka

18 - 90%

lower annual fees on the Prague Stock Exchange
compared to other European stock exchanges

96%

share of foreign investors
in the IPO Moneta

6 months

usual time needed for going public
on the unregulated START Market

  • Next slide
  • Next slide
  • Next slide
  • Next slide
  • Next slide

BURZA CENNÝCH PAPÍRŮ PRAHA

Proč začít s úpisem akcií v Praze?

1

Unbeatably low issuing costs

The costs that the issuer pays for the admission of shares to trading on the Prague Stock Exchange are among the lowest in the CEE region, or in the whole of Europe. Thanks to unified European regulation, the stock exchange provides all issuers with a completely comparable service with other markets within the EU.

2

Connection with global investment capital

More than 90% of institutional investors on the Prague Stock Exchange are foreign entities. With this share, the Stock Exchange ranks among the markets with the largest share of foreign capital and thus brings its issuers a wide international investment potential.

3

Inclusion in the main indexes PX and PX-TR

Companies traded on the Prague Stock Exchange are included in the main PX or PX-TR index if they qualify. Both of these indices are prestigious market indicators and many foreign investors invest in equities included in these indices.

Praha Londýn Amsterdam
Access to global capital
Inclusion in the main index
Guaranteed demand from Emerging Market Funds
Exclusive media space and publicity
"Our goal is to make FIXED a major global brand. The stock market and investors are helping us accelerate our product development and international expansion."
Daniel Havner
Co-founder of FIXED.zone
Podívejte se na celý příběh
"We are entering the Prague Stock Exchange to share our story with investors. How we want to grow further, especially in the United States, and how we want to play a key role in consolidating small arms production in Europe"
Lubomír Kovařík
President of CZG
Podívejte se na celý příběh
"For me, IPO is the fulfillment of a business dream, access to an alternative method of financing, PR affecting not only the direct consumer of our products and greater prestige of our company"
Jaroslav Palát
Chairman of the Board of Prabos Plus, a.s.
Podívejte se na celý příběh
"Thanks to the fact that Fillamentum is a publicly traded company, we have a significantly better negotiating position with the bank and interest rates for corporate financing have fallen from 6% to 2%"
Josef Doleček
CEO of Fillamentum, a.s.
Podívejte se na celý příběh
"Thanks to admission to the stock exchange, we are gaining more interest and seriousness in negotiations with the bank and some of our business partners, as well as the general professional public. Admission to the Prague Stock Exchange brought us funds for the development of the company, greater interest in our company on the part of the banking partner and an overall positive media image in front of the widest range of stakeholders"
Jakub Hemerka
CFO of KARO, a.s.
Podívejte se na celý příběh
  • Next slide
  • Next slide
  • Next slide
  • Next slide
  • Next slide

FIRMY NA PRAŽSKÉ BURZE

Kdo se rozhodl pro pražskou burzu

CZG logo

CZG

  • market cap after IPO CZK9.5bn
  • free float 9%
Prime
Moneta logo

Moneta

  • market cap after IPO CZK34.7bn
  • free float 100%
Prime
FIXED.zone logo

FIXED.zone

  • market cap after IPO CZK493.2m
  • free float 10%
Start
Pilulka logo

Pilulka

  • market cap after IPO CZK1.06bn
  • free float 29%
Start
eMan logo

eMan

  • market cap after IPO CZK99.6m
  • free float 46.63%
Start

PROCES IPO

Jaké kroky vás čekají

Nezávislá konzultace

1 týden

Naši burzovní experti nezávazně zhodnotí vhodnost vaší firmy k veřejné nabídce akcií.

Chci posouzení
1

Přípravná fáze

cca 2 měsíce

Začíná vyhodnocením, zda má vstup na burzu pro vaši společnost smysl.

  • Odhad tržní hodnoty firmy
  • Změna právní formy (pokud je třeba)
  • Zaknihování akcií
  • Výběr poradců pro úpis akcií
2

Realizační fáze

cca 2 měsíce

Spočívá zejména v přípravě všech dokumentů a podkladů potřebných k úpisu akcií společnosti.

  • Tvorba prospektu a due diligence zprávy
  • Analýza společnosti
  • Nastavení strategie úpisu akcií
  • Příprava roadshow
3

Veřejná nabídka

cca 1 měsíc

Samotný úpis akcií na trhu PX Start se skládá z následujících kroků.

  • Roadshow
  • Bookbuilding
  • Stanovení ceny
  • Vstup na burzu

Zahájení obchodování

Akcie jsou uvedeny na burzu a obchoduje se s nimi každý burzovní den

Nezávislá konzultace

Dává pro Vás IPO smysl?

Získejte informace a nezávazné posouzení vhodnosti úpisu s vyhrazeným zástupcem burzy.

Souhlasím s podmínkami

Přemysl Papp

Analytik kapitálových trhů

+420 221 832 149 papp@pse.cz

ČASTO KLADENÉ OTÁZKY

What is an IPO?

The initial public offering is the company's initial listing on the stock exchange and at the same time a chance to raise a large amount of capital. During the public offering of shares, the company sells securities to the general public, both to individual and professional investors. They thus provide the company with the means to realize known intentions. The offered shares can be existing, newly issued or a combination.

What are the main advantages of listing?

The main advantages of the public offering of shares include the optimization of the capital structure. In particular, raising new capital without jeopardizing the company's cash flow. That is, without a credit burden. In addition, after a successful listing, the company may proceed with a secondary subscription of shares, and thus raise additional capital. It thus serves as a "new liquid M&A currency". Many foreign companies also use admission to the stock exchange as an opportunity to involve management and employees in the form of employee shares. The public offering of shares is a way to increase prestige and build a brand or increase interest among job seekers. Last but not least, admission to the stock exchange brings the possibility of optimizing the capital structure and easier conversion thanks to the public listing of shares.

Does admission to the stock exchange also have disadvantages?

The very process of the company's IPO is time-consuming, financially and managerially demanding. Only those companies that are fully prepared will be able to take full advantage of all the possibilities of entering the stock exchange. Listing on the stock exchange also imposes new obligations on the company in the administration and management of the company, especially with regard to transparency. New investors with voting rights will also join the company with the subscription of shares.

How do I find out if my company is suitable for listing shares on the stock exchange?

There is no exact template that a company interested in IPO should fit into. The key to success is to arouse investor interest. They buy the "promise of future profits." Therefore, it must be an attractive, promising and understandable intention that can convince and attract investors. The company must be mature enough to be able to meet its obligations and be able to continue to cooperate and communicate with its investors on a regular basis.

What is the procedure if I am interested in entering the stock exchange?

The easiest way is to contact the Prague Stock Exchange and ask for an independent evaluation of whether your company is suitable for the primary public offering of shares. You can get an independent assessment by contacting us (contact details above) or by submitting a form (shown above).

What if my company is not big enough?

The START market is intended for smaller innovative companies with a value of CZK 25 million or more. You can also rank among the exceptional Czech companies with which you can grow. More information about START Market at www.pxstart.cz

Which stock exchange to choose?

Capital markets are globalized today and large institutional investors have access to all standard stock exchanges without distinction. The choice of market is therefore more a matter of rational consideration between the cost ratio, the quality of service and the aftercare that the company will receive from the stock exchange. Thanks to its high-quality and cost-effective service or connection with global institutional capital, the Prague Stock Exchange is a clear choice for Czech companies, albeit with global business.

Who will help me with the transaction?

The key entity is the IPO manager, typically an investment bank and other members of the stock exchange from the financial segment. The manager is the leader and coordinator of the entire external team. Determines the share price, the volume of shares subscribed and the target market. The right choice of the issue manager is key to a successful public offering of shares.

How to choose the right issue manager?

Before selecting a manager with whom the company will work closely on the public offering of shares, the company should have at least a general idea of which investors it wants to primarily address. The breadth and distribution of the primary offer is not affected by the reach of the chosen stock exchange, but by the possibility of presenting the issue manager (typically an investment bank). It can focus, for example, on local institutional investors, foreign institutional investors or retail. You can find the list of members of the Prague Stock Exchange at these pages in the „About the Market“ chapter..

Who determines the price of the company within the IPO?

The valuation of the company within the primary offer will be ensured by the IPO manager in close cooperation with the issuer. It is always a matter of finding the right compromise between the expectations of the company itself and potential investors. Determining the right price is absolutely key to a successful public offering of shares.

What information will I have to publish after a successful listing?

Investors invest their resources in the company and in return they want to be informed about significant events in the company. The basic information obligations arise from the law. In particular, it is a regular publication of economic results (frequency depends on the chosen market), annual reports and all information that may affect the value (price) of the company's shares.