The Alternative Stock Market (MAB), the SME stock market of BME, has become BME Growth after getting the European seal of SME Growth Market (Market for Expanding SMEs) granted by the National Securities Market Commission (CNMV).
BME Growth is a market focused on small and medium-sized companies of all sectors seeking to expand. The most widely represented sectors are technology, biotech, engineering, telecommunications, energy and real estate (SOCIMI), that has recently joined. A total of 117 companies are currently listed, with a joint capitalization exceeding 15,000 million euros. They are mainly Spanish, but this market is open to all companies regardless of their nationality.
SPACs have become very popular and their figures speak for themselves: 80 SPACs have raised more than 32,000 million dollars in the third quarter of 2020, a record number. The graph below shows that the amount almost quadrupled in the second quarter.