{"id":3028,"date":"2022-08-21T22:13:53","date_gmt":"2022-08-21T22:13:53","guid":{"rendered":"https:\/\/www.guiadoemitente.pt\/?p=3028"},"modified":"2022-09-22T13:50:12","modified_gmt":"2022-09-22T13:50:12","slug":"3-1-2-1-planning","status":"publish","type":"post","link":"https:\/\/issuers-guide.buzzvel.work\/en\/3-1-2-1-planning\/","title":{"rendered":"3.1.2.1. Planning"},"content":{"rendered":"\n<p>Even though the Company must prepare itself to become a public Company, given the more simplicity of the process and the lower requirements applicable to the admission to trading on an MTF market, the planning phase will mostly focus firstly on assuring the IPO is the best option for obtaining the intended financing and, if so, assuring the Company\u2019s shares will generate interest from investors. <a><\/a><\/p>\n\n\n\n<p>Please refer to section \u2018<a href=\"https:\/\/issuers-guide.buzzvel.work\/3-1-1-1-planning\/\" data-type=\"post\" data-id=\"2963\" target=\"_blank\" rel=\"noreferrer noopener\">3.1.1.1. Planning<\/a>\u2019 for further information regarding the considerations of the planning phase of an IPO.<\/p>\n\n\n\n<p><\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading_8d62b6-5b, .wp-block-kadence-advancedheading.kt-adv-heading_8d62b6-5b[data-kb-block=\"kb-adv-heading_8d62b6-5b\"]{font-size:18px;font-weight:bold;font-style:normal;text-transform:none;letter-spacing:0px;}.wp-block-kadence-advancedheading.kt-adv-heading_8d62b6-5b mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading_8d62b6-5b[data-kb-block=\"kb-adv-heading_8d62b6-5b\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading_8d62b6-5b img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading_8d62b6-5b[data-kb-block=\"kb-adv-heading_8d62b6-5b\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading_8d62b6-5b wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading_8d62b6-5b\">3.1.2.1.1. Eligibility criteria<\/p>\n\n\n\n<p>When choosing one of the MTFs for admission to trading, there are no requirements regarding:<\/p>\n\n\n<style>.wp-block-kadence-iconlist.kt-svg-icon-list-items_3392b5-9f:not(.this-stops-third-party-issues){margin-top:0px;margin-bottom:0px;}.wp-block-kadence-iconlist.kt-svg-icon-list-items_3392b5-9f ul.kt-svg-icon-list:not(.this-prevents-issues):not(.this-stops-third-party-issues):not(.tijsloc){margin-top:0px;margin-right:0px;margin-bottom:var(--global-kb-spacing-sm, 1.5rem);margin-left:0px;}.wp-block-kadence-iconlist.kt-svg-icon-list-items_3392b5-9f ul.kt-svg-icon-list{grid-row-gap:5px;}.wp-block-kadence-iconlist.kt-svg-icon-list-items_3392b5-9f ul.kt-svg-icon-list .kt-svg-icon-list-item-wrap .kt-svg-icon-list-single{margin-right:10px;}.kt-svg-icon-list-items_3392b5-9f ul.kt-svg-icon-list .kt-svg-icon-list-level-0 .kt-svg-icon-list-single svg{font-size:16px;}.kt-svg-icon-list-items_3392b5-9f ul.kt-svg-icon-list .kt-svg-icon-list-level-1 .kt-svg-icon-list-single svg{font-size:16px;}.kt-svg-icon-list-items_3392b5-9f ul.kt-svg-icon-list .kt-svg-icon-list-level-2 .kt-svg-icon-list-single svg{font-size:16px;}<\/style>\n<div class=\"wp-block-kadence-iconlist kt-svg-icon-list-items kt-svg-icon-list-items_3392b5-9f kt-svg-icon-list-columns-1 alignnone kt-list-icon-aligntop\"><ul class=\"kt-svg-icon-list\"><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-0 kt-svg-icon-list-level-0\"><div style=\"display:inline-flex;justify-content:center;align-items:center\" class=\"kt-svg-icon-list-single kt-svg-icon-list-single-fe_checkCircle\"><svg style=\"display:inline-block;vertical-align:middle\" viewBox=\"0 0 24 24\" height=\"16\" width=\"16\" fill=\"none\" stroke=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M22 11.08V12a10 10 0 1 1-5.93-9.14\"><\/path><polyline points=\"22 4 12 14.01 9 11.01\"><\/polyline><\/svg><\/div><span class=\"kt-svg-icon-list-text\">The time the Company has been operating<\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-1 kt-svg-icon-list-level-0\"><div style=\"display:inline-flex;justify-content:center;align-items:center\" class=\"kt-svg-icon-list-single kt-svg-icon-list-single-fe_checkCircle\"><svg style=\"display:inline-block;vertical-align:middle\" viewBox=\"0 0 24 24\" height=\"16\" width=\"16\" fill=\"none\" stroke=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M22 11.08V12a10 10 0 1 1-5.93-9.14\"><\/path><polyline points=\"22 4 12 14.01 9 11.01\"><\/polyline><\/svg><\/div><span class=\"kt-svg-icon-list-text\">The composition of the management and supervision boards<\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-2 kt-svg-icon-list-level-0\"><div style=\"display:inline-flex;justify-content:center;align-items:center\" class=\"kt-svg-icon-list-single kt-svg-icon-list-single-fe_checkCircle\"><svg style=\"display:inline-block;vertical-align:middle\" viewBox=\"0 0 24 24\" height=\"16\" width=\"16\" fill=\"none\" stroke=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M22 11.08V12a10 10 0 1 1-5.93-9.14\"><\/path><polyline points=\"22 4 12 14.01 9 11.01\"><\/polyline><\/svg><\/div><span class=\"kt-svg-icon-list-text\">Market capitalization<\/span><\/li><\/ul><\/div>\n\n\n\n<p>Additionally, the free float (i.e. dispersion of shares amongst the public) requirements for MTFs are much lower when compared with the regulated market, which facilitates the admission to trading, as well as makes it easier to maintain higher control stakes in the Company.<\/p>\n\n\n\n<p><strong>Requirements to listing on the MTF\u2019s markets operated by Euronext are the following:<\/strong><\/p>\n\n\n<style>.kb-image_11c3ec-65 .kb-image-has-overlay:after{opacity:0.3;}<\/style>\n<figure class=\"wp-block-kadence-image kb-image_11c3ec-65 size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"875\" height=\"194\" src=\"https:\/\/issuers-guide.buzzvel.work\/wp-content\/uploads\/2022\/09\/EN-Table-1-Chap-3.1.2.png\" alt=\"\" class=\"kb-img wp-image-11477\" srcset=\"https:\/\/issuers-guide.buzzvel.work\/wp-content\/uploads\/2022\/09\/EN-Table-1-Chap-3.1.2.png 875w, https:\/\/issuers-guide.buzzvel.work\/wp-content\/uploads\/2022\/09\/EN-Table-1-Chap-3.1.2-300x67.png 300w, https:\/\/issuers-guide.buzzvel.work\/wp-content\/uploads\/2022\/09\/EN-Table-1-Chap-3.1.2-768x170.png 768w\" sizes=\"auto, (max-width: 875px) 100vw, 875px\" \/><\/figure>\n\n\n\n<p>Despite the above, Companies must have into account that lower free floats will often imply lower liquidity of the shares. Accordingly, to guarantee investors\u2019 appetite for the Company\u2019s shares the Offer size (and correspondent free float) must be carefully chosen.<\/p>\n\n\n\n<p><\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading_e33735-d4, .wp-block-kadence-advancedheading.kt-adv-heading_e33735-d4[data-kb-block=\"kb-adv-heading_e33735-d4\"]{font-size:18px;font-weight:bold;font-style:normal;text-transform:none;}.wp-block-kadence-advancedheading.kt-adv-heading_e33735-d4 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading_e33735-d4[data-kb-block=\"kb-adv-heading_e33735-d4\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading_e33735-d4 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading_e33735-d4[data-kb-block=\"kb-adv-heading_e33735-d4\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading_e33735-d4 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading_e33735-d4\">3.1.2.1.2. Financial Accounts<\/p>\n\n\n\n<p>When choosing an MTF for the admission to trading, you won\u2019t need to adapt your financial accounts to a different accounting standard.<br><strong>Requirements to listing on the MTS\u2019s markets operated by Euronext are the following:<\/strong><\/p>\n\n\n<style>.kb-image_91ee13-52 .kb-image-has-overlay:after{opacity:0.3;}<\/style>\n<figure class=\"wp-block-kadence-image kb-image_91ee13-52 size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"875\" height=\"422\" src=\"https:\/\/issuers-guide.buzzvel.work\/wp-content\/uploads\/2022\/09\/EN-Table-2-Chap-3.1.2.png\" alt=\"\" class=\"kb-img wp-image-11479\" srcset=\"https:\/\/issuers-guide.buzzvel.work\/wp-content\/uploads\/2022\/09\/EN-Table-2-Chap-3.1.2.png 875w, https:\/\/issuers-guide.buzzvel.work\/wp-content\/uploads\/2022\/09\/EN-Table-2-Chap-3.1.2-300x145.png 300w, https:\/\/issuers-guide.buzzvel.work\/wp-content\/uploads\/2022\/09\/EN-Table-2-Chap-3.1.2-768x370.png 768w\" sizes=\"auto, (max-width: 875px) 100vw, 875px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading_f07612-41, .wp-block-kadence-advancedheading.kt-adv-heading_f07612-41[data-kb-block=\"kb-adv-heading_f07612-41\"]{font-size:18px;font-weight:bold;font-style:normal;text-transform:none;}.wp-block-kadence-advancedheading.kt-adv-heading_f07612-41 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading_f07612-41[data-kb-block=\"kb-adv-heading_f07612-41\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading_f07612-41 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading_f07612-41[data-kb-block=\"kb-adv-heading_f07612-41\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading_f07612-41 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading_f07612-41\">3.1.2.1.3. Appointment of Advisors<\/p>\n\n\n\n<p>When choosing the MTF markets your Company and\/or selling shareholders will only need to hire a Listing Sponsor &#8211; mandatory for the MTFs operated by Euronext &#8211; that will help to navigate the IPO process and assist you with the interactions with the Stock Market Operator.<\/p>\n\n\n\n<p>Nevertheless, advisors may be very helpful and beneficial to assist the Company in the IPO process, develop marketing efforts for the distribution of the shares, including organizing roadshows of the Company\u2019s management with investors. The scope of the job of the advisors and, at the limit, the need to hire advisors (other than the Listing Sponsor) will depend on your Company\u2019s internal legal and finance capabilities and resources, the size of the offering and the level of marketing efforts required.<\/p>\n\n\n\n<p><\/p>\n\n\n<style>#kt-layout-id_de1ce6-22 > .kt-row-column-wrap{align-content:start;}:where(#kt-layout-id_de1ce6-22 > .kt-row-column-wrap) > .wp-block-kadence-column{justify-content:start;}#kt-layout-id_de1ce6-22 > .kt-row-column-wrap{column-gap:var(--global-kb-gap-md, 2rem);row-gap:var(--global-kb-gap-md, 2rem);max-width:800px;margin-left:auto;margin-right:auto;padding-top:var( --global-kb-row-default-top, 25px );padding-bottom:var( --global-kb-row-default-bottom, 25px );padding-top:0px;padding-bottom:0px;grid-template-columns:minmax(0, 1fr);}#kt-layout-id_de1ce6-22{border-left-width:1px;}#kt-layout-id_de1ce6-22 > .kt-row-layout-overlay{opacity:0.30;}#kt-layout-id_de1ce6-22 .kt-row-layout-bottom-sep{height:100px;}#kt-layout-id_de1ce6-22 .kt-row-layout-bottom-sep svg{width:100%;}#kt-layout-id_de1ce6-22 .kt-row-layout-bottom-sep svg{fill:#ffffff!important;}@media all and (max-width: 1024px){#kt-layout-id_de1ce6-22 > .kt-row-column-wrap{grid-template-columns:minmax(0, 1fr);}}@media all and (max-width: 1024px){#kt-layout-id_de1ce6-22 .kt-row-layout-bottom-sep{height:px;}}@media all and (max-width: 1024px){#kt-layout-id_de1ce6-22 .kt-row-layout-bottom-sep svg{width:%;}}@media all and (max-width: 767px){#kt-layout-id_de1ce6-22 > .kt-row-column-wrap{grid-template-columns:minmax(0, 1fr);}#kt-layout-id_de1ce6-22 .kt-row-layout-bottom-sep{height:px;}#kt-layout-id_de1ce6-22 .kt-row-layout-bottom-sep svg{width:%;}}<\/style>\n<div class=\"wp-block-kadence-rowlayout alignnone\"><div id=\"kt-layout-id_de1ce6-22\" class=\"kt-row-layout-inner kt-layout-id_de1ce6-22\"><div class=\"kt-row-column-wrap kt-has-1-columns kt-gutter-default kt-v-gutter-default kt-row-valign-top kt-row-layout-equal kt-tab-layout-inherit kt-m-colapse-left-to-right kt-mobile-layout-row\"><style>.kadence-column_696363-f6 > .kt-inside-inner-col{padding-top:0px;padding-bottom:0px;padding-left:20px;padding-right:20px;}.kadence-column_696363-f6 > .kt-inside-inner-col{min-height:36px;border-color:var(--global-palette1, #3182CE);border-top-width:0px;border-right-width:0px;border-bottom-width:0px;}.kadence-column_696363-f6 > .kt-inside-inner-col,.kadence-column_696363-f6 > .kt-inside-inner-col:before{border-top-left-radius:36px;border-top-right-radius:36px;border-bottom-right-radius:36px;border-bottom-left-radius:36px;}.kadence-column_696363-f6 > .kt-inside-inner-col{column-gap:var(--global-kb-gap-sm, 1rem);}.kadence-column_696363-f6 > .kt-inside-inner-col{flex-direction:column;}.kadence-column_696363-f6 > .kt-inside-inner-col > .aligncenter{width:100%;}.kadence-column_696363-f6 > .kt-inside-inner-col{background-color:rgba(241, 241, 241, 0.5);}.kadence-column_696363-f6:hover > .kt-inside-inner-col{background-color:rgba(241,241,241,0.5);background-image:none;}.kadence-column_696363-f6 > .kt-inside-inner-col:before{opacity:0.3;}.kadence-column_696363-f6{position:relative;}.wp-block-kadence-column.kadence-column_696363-f6 > .kt-inside-inner-col{margin-top:0px;margin-bottom:0px;}@media all and (max-width: 1024px){.kadence-column_696363-f6 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}@media all and (max-width: 767px){.kadence-column_696363-f6 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}<\/style>\n<div class=\"wp-block-kadence-column inner-column-1 kadence-column_696363-f6\"><div class=\"kt-inside-inner-col\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:100%\"><style>#kt-layout-id_0fcf93-c8 > .kt-row-column-wrap{align-content:start;}:where(#kt-layout-id_0fcf93-c8 > .kt-row-column-wrap) > .wp-block-kadence-column{justify-content:start;}#kt-layout-id_0fcf93-c8 > .kt-row-column-wrap{column-gap:var(--global-kb-gap-md, 2rem);row-gap:var(--global-kb-gap-md, 2rem);padding-top:var( --global-kb-row-default-top, 25px );padding-bottom:var( --global-kb-row-default-bottom, 25px );padding-top:20px;padding-bottom:0px;grid-template-columns:minmax(0, calc(10% - ((var(--global-kb-gap-md, 2rem) * 1 )\/2)))minmax(0, calc(90% - ((var(--global-kb-gap-md, 2rem) * 1 )\/2)));}#kt-layout-id_0fcf93-c8 > .kt-row-layout-overlay{opacity:0.30;}@media all and (max-width: 1024px){#kt-layout-id_0fcf93-c8 > .kt-row-column-wrap{grid-template-columns:repeat(2, minmax(0, 1fr));}}@media all and (max-width: 767px){#kt-layout-id_0fcf93-c8 > .kt-row-column-wrap{grid-template-columns:minmax(0, 1fr);}}<\/style>\n<div class=\"wp-block-kadence-rowlayout alignnone\"><div id=\"kt-layout-id_0fcf93-c8\" class=\"kt-row-layout-inner kt-layout-id_0fcf93-c8\"><div class=\"kt-row-column-wrap kt-has-2-columns kt-gutter-default kt-v-gutter-default kt-row-valign-top kt-row-layout-equal kt-tab-layout-inherit kt-m-colapse-left-to-right kt-mobile-layout-row  kt-custom-first-width-10  kt-custom-second-width-90\"><style>.kadence-column_4ec4c7-38 > .kt-inside-inner-col{border-top-width:0px;border-right-width:0px;border-bottom-width:0px;border-left-width:0px;}.kadence-column_4ec4c7-38 > .kt-inside-inner-col,.kadence-column_4ec4c7-38 > .kt-inside-inner-col:before{border-top-left-radius:0px;border-top-right-radius:0px;border-bottom-right-radius:0px;border-bottom-left-radius:0px;}.kadence-column_4ec4c7-38 > .kt-inside-inner-col{column-gap:var(--global-kb-gap-sm, 1rem);}.kadence-column_4ec4c7-38 > .kt-inside-inner-col{flex-direction:column;}.kadence-column_4ec4c7-38 > .kt-inside-inner-col > .aligncenter{width:100%;}.kadence-column_4ec4c7-38 > .kt-inside-inner-col:before{opacity:0.3;}.kadence-column_4ec4c7-38{position:relative;}@media all and (max-width: 1024px){.kadence-column_4ec4c7-38 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}@media all and (max-width: 767px){.kadence-column_4ec4c7-38 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}<\/style>\n<div class=\"wp-block-kadence-column inner-column-1 kadence-column_4ec4c7-38\"><div class=\"kt-inside-inner-col\"><style>.kt-svg-icons_0becf8-6d .kt-svg-item-0 .kb-svg-icon-wrap{color:#444444;font-size:30px;}.wp-block-kadence-icon.kt-svg-icons_0becf8-6d{justify-content:center;}<\/style>\n<div class=\"wp-block-kadence-icon kt-svg-icons kt-svg-icons_0becf8-6d alignnone\" style=\"text-align:center\"><div class=\"kt-svg-style-default kt-svg-icon-wrap kt-svg-item-0\"><div style=\"display:inline-flex;justify-content:center;align-items:center;color:#444444;margin-top:29px;margin-right:29px;margin-bottom:29px;margin-left:29px\" class=\"kt-svg-icon kt-svg-icon-fas_book-reader\"><svg style=\"display:inline-block;vertical-align:middle\" viewBox=\"0 0 512 512\" height=\"30\" width=\"30\" fill=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\"><path d=\"M352 96c0-53.02-42.98-96-96-96s-96 42.98-96 96 42.98 96 96 96 96-42.98 96-96zM233.59 241.1c-59.33-36.32-155.43-46.3-203.79-49.05C13.55 191.13 0 203.51 0 219.14v222.8c0 14.33 11.59 26.28 26.49 27.05 43.66 2.29 131.99 10.68 193.04 41.43 9.37 4.72 20.48-1.71 20.48-11.87V252.56c-.01-4.67-2.32-8.95-6.42-11.46zm248.61-49.05c-48.35 2.74-144.46 12.73-203.78 49.05-4.1 2.51-6.41 6.96-6.41 11.63v245.79c0 10.19 11.14 16.63 20.54 11.9 61.04-30.72 149.32-39.11 192.97-41.4 14.9-.78 26.49-12.73 26.49-27.06V219.14c-.01-15.63-13.56-28.01-29.81-27.09z\"><\/path><\/svg><\/div><\/div><\/div>\n<\/div><\/div>\n\n\n<style>.kadence-column_6d99e6-46 > .kt-inside-inner-col{border-top-width:0px;border-right-width:0px;border-bottom-width:0px;border-left-width:0px;}.kadence-column_6d99e6-46 > .kt-inside-inner-col,.kadence-column_6d99e6-46 > .kt-inside-inner-col:before{border-top-left-radius:0px;border-top-right-radius:0px;border-bottom-right-radius:0px;border-bottom-left-radius:0px;}.kadence-column_6d99e6-46 > .kt-inside-inner-col{column-gap:var(--global-kb-gap-sm, 1rem);}.kadence-column_6d99e6-46 > .kt-inside-inner-col{flex-direction:column;}.kadence-column_6d99e6-46 > .kt-inside-inner-col > .aligncenter{width:100%;}.kadence-column_6d99e6-46 > .kt-inside-inner-col:before{opacity:0.3;}.kadence-column_6d99e6-46{position:relative;}@media all and (max-width: 1024px){.kadence-column_6d99e6-46 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}@media all and (max-width: 767px){.kadence-column_6d99e6-46 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}<\/style>\n<div class=\"wp-block-kadence-column inner-column-2 kadence-column_6d99e6-46\"><div class=\"kt-inside-inner-col\">\n<p><\/p>\n\n\n\n<p>Recommended reading: <a href=\"https:\/\/issuers-guide.buzzvel.work\/3-1-1-1-planning\/#appointment-of-advisors\" data-type=\"URL\" data-id=\"https:\/\/issuers-guide.buzzvel.work\/3-1-1-1-planning\/#appointment-of-advisors\" target=\"_blank\" rel=\"noreferrer noopener\">3.1.1.1.3. Appointment of advisors<\/a> &#8211; information on the considerations that must be made before appointing advisers.<\/p>\n<\/div><\/div>\n<\/div><\/div><\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Even though the Company must prepare itself to become a public Company, given the more simplicity of the process and the lower requirements applicable to the admission to trading on an MTF market, the planning phase will mostly focus firstly on assuring the IPO is the best option for obtaining the intended financing and, if [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11487,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[94],"tags":[],"class_list":["post-3028","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-3-1-2-simplified-scope-ipo-process"],"acf":[],"_links":{"self":[{"href":"https:\/\/issuers-guide.buzzvel.work\/en\/wp-json\/wp\/v2\/posts\/3028","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/issuers-guide.buzzvel.work\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/issuers-guide.buzzvel.work\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/issuers-guide.buzzvel.work\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/issuers-guide.buzzvel.work\/en\/wp-json\/wp\/v2\/comments?post=3028"}],"version-history":[{"count":11,"href":"https:\/\/issuers-guide.buzzvel.work\/en\/wp-json\/wp\/v2\/posts\/3028\/revisions"}],"predecessor-version":[{"id":11482,"href":"https:\/\/issuers-guide.buzzvel.work\/en\/wp-json\/wp\/v2\/posts\/3028\/revisions\/11482"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/issuers-guide.buzzvel.work\/en\/wp-json\/wp\/v2\/media\/11487"}],"wp:attachment":[{"href":"https:\/\/issuers-guide.buzzvel.work\/en\/wp-json\/wp\/v2\/media?parent=3028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/issuers-guide.buzzvel.work\/en\/wp-json\/wp\/v2\/categories?post=3028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/issuers-guide.buzzvel.work\/en\/wp-json\/wp\/v2\/tags?post=3028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}