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As an added value, an IPO is also a means of making the company activities more transparent and effective. With an IPO, the company’s business strategy is perfected, the main processes are made more effective and financial procedures are structured and adjusted to suit a public company.
During the IPO process, technical IPO steps are taken and together with the client the stock exchange(s) is/are determined and selected where and on which list the company shares should be listed.
Participating in a roadshow is also essential to introduce the project to potential investors. When a company is listed on a stock exchange, the company share acquires a price provided by the market.
Providing help with planning strategies, optimising processes and conducting risk analyses, we assist with making the company activities more efficient, create new business lines, and improve and enhance the quality of management and its operations.
Company assessment involves company management quality, the recoverable value of the assets and future cash flows. During the scenario analysis, the company’s different development options, accompanying risks and changes in the company value linked with varying options for development are analysed.
This is an activity aimed at the future, based on timely and correct financial decisions. SwistBankers specialists help to optimise the company capital structure and find the most suitable financing solution for financing the company’s current activities and strategic plan.
Cash flow modelling enables to assess the company’s strategic plan and prevent problems with the company’s working capital and investment management. Planning cash flow helps to optimize the company’s capital structure.
Venture capital is used to expand the company’s equity to fund the company’s growth. Usually, venture capital is looking for companies with a new and unique business idea or technology. Venture capitalists help the company development, contributing their experience by participating in the company supervisory board.
SwistBankers helps, in the early stages of a capital company, providing a significant boost to company development, and in addition to project analysis and financial advisory, also assists in the profiling and the sourcing of suitable investors.
Company processes are structured and made systematic, and with IT solutions, regular reporting to the owners and supervisory board is ensured based on the specific characteristics of the given company. Such an approach increases the company’s efficiency and ensures that the processes are thoroughly thought through and more transparent.
We help to make decisions between different asset classes to ensure that from the risk management perspective the investments would be divided between an optimum numbers of asset classes. We also advise on legal matters and tax optimization.
SwistBankers cooperates with European and Asian partners who assist in conducting the international public offer of shares.
SwistBankers prefers to help to list the companies on such foreign stock exchanges as the Baltic, London, and Stockholm stock exchanges.
As an added value, an IPO is also a means of making the company activities more transparent and effective. With an IPO, the company’s business strategy is perfected, the main processes are made more effective and financial procedures are structured and adjusted to suit a public company.
During the IPO process, technical IPO steps are taken and together with the client the stock exchange(s) is/are determined and selected where and on which list the company shares should be listed.
Participating in a roadshow is also essential to introduce the project to potential investors. When a company is listed on a stock exchange, the company share acquires a price provided by the market.
Tallinn, Riga and Vilnius exchanges belong to the common Nasdaq Baltic stock exchange system. The Riga stock exchange was opened in 1992, the Vilnius exchange in 1993 and the Tallinn exchange in 1996.
Today, the Baltic stock exchanges have joined and are commonly referred to as the Nasdaq Baltic stock exchange.
1) The main list of the stock exchange, where the company must have an operation period of at least three years, the company must have at least 4-million euros worth of market value and strict information disclosure requirements apply.
2) A secondary list of the stock exchange, where the company must have an operation period of at least two years, the company must have at least 1-million euros worth of market value and strict information disclosure requirements apply.
3) An alternative trading facility, First North, where certain market capitalisation and fixed activity history terms are not necessary, as well as less strict rules for information disclosure apply.
As of 2018, the market capitalisation of the Baltic main list is 6.1 billion euros, the secondary list market capitalisation is 1.8 billion euros, and First North is 59.5 million euros.
Today, the Baltic stock exchanges have joined and are commonly referred to as the Nasdaq Baltic stock exchange.
The exchange is comprised of the main list (large and international companies) and the alternative list (AIM) with smaller and growth companies. As of April 2018, the alternative market lists 941 companies with market capitalisation of more than 101 billion euros.
The main list is in turn comprised of the Premium Segment and the Standard Segment. For a company to be listed in the Premium Segment, it has to meet the United Kingdom’s super equivalent rules, which are stricter than the EU regulations.
The Standard Segment is open to issue shares, GDR (bank certificates), bonds and derivatives to which the minimum EU requirements apply. The alternative market (AIM) is open for listing growth companies registered in the European Union and whose aim is to eventually be listed in the Premium Segment.
A special funds market aimed at professional investors is also part of the main list. In addition, the London stock exchange also has a Specialist Securities Market, where the companies can raise capital with the aid of unique capital instruments such as bonds and DR-s (depositary receipts).
The Stockholm stock exchange was established in 1863. As of 2008, the Stockholm exchange is part of the NASDAQ Inc. group and belongs among the NASDAQ stock exchanges.
The Stockholm exchange includes the main list and alternative trading facility First North, which is meant for listing growth companies. The main list separates companies with large, medium and small market capitalisation.
As of May 2018, the market capitalisation of the Stockholm exchange main list is 1.1 trillion euros, and 318 companies are listed.
As of April 2018, the alternative trading facility First North lists 281 companies in Stockholm. The majority of these, 66 companies are in the healthcare sector. Next are manufacturing companies with 52 listed on Stockholm First North.
Investor’s average expected annual
rate of return on the exchange:
- Stock exchange main list 5–10%
- Stock exchange secondary list 7–15%
- Alternative trading system First North 10–30%
At the moment, cryptocurrency is mostly an unregulated territory, thus, if the company’s profile is suitable, a public coin offering is used as an alternative to raise finances for the company. A White Paper is prepared for conducting an ICO, which provides a detailed description of the company’s business ideas and future perspectives.
Also, a roadmap is prepared, which sets the order in which the money received from an ICO is used and invested, and in what order. In the course of an ICO, a certain amount of project-related cryptocurrency is issued for the interested persons, which can be used to pay for services. To determine the value of this cryptocurrency, it is usually listed on a cryptocurrency exchange.
The three largest crypto asset exchanges are:
1. BitMEX: www.bitmex.com
2. Binance: www.binance.com
3. Upbit: www.upbit.com
SwistBankers helps to prepare the documentation, the technical environment for conducting an ICO and spread the information and communicate with the potential investors interested in an ICO.
The largest ICO’s introduced in Estonia are the Polybius Foundation in the amount of 26.8 million euros and Agrello (smart contract-based legal agreements on the blockchain) in the amount of 25.5 million euros, also Change Bank in the amount of 14.9 million euros.