{"id":44038,"date":"2017-11-26T16:20:32","date_gmt":"2017-11-26T14:20:32","guid":{"rendered":"https:\/\/newserver.fyb.de\/produkt\/new-ways-of-equity-financing-via-the-stock-exchange\/"},"modified":"2017-11-26T16:20:32","modified_gmt":"2017-11-26T14:20:32","slug":"new-ways-of-equity-financing-through-the-stock-market","status":"publish","type":"product","link":"https:\/\/www.fyb.de\/en\/produkt\/new-ways-of-equity-financing-through-the-stock-market\/","title":{"rendered":"New ways of equity financing via the stock exchange"},"content":{"rendered":"

Dr. Martin Stein\u00adbach<\/strong> \u2014 Execu\u00adtive Direc\u00adtor \u2014 Issuer & Inves\u00adtor Markets, Deut\u00adsche B\u00f6rse AG, Frank\u00adfurt \/Main<\/p>\n

Sandra Bramhoff, CEFA, CIIA \u2014 <\/strong> Key Account Mana\u00adger \u2014 Issuer & Inves\u00adtor Markets Deut\u00adsche B\u00f6rse, Frank\u00adfurt \/Main<\/p>\n","protected":false},"excerpt":{"rendered":"

In times when debt capi\u00adtal is beco\u00adming scar\u00adcer, compa\u00adnies \u2014 espe\u00adci\u00adally small and medium-sized enter\u00adpri\u00adses \u2014 are rely\u00ading on equity capi\u00adtal to a new extent. The main reason is chan\u00adges in lending due to Basel II and the finan\u00adcial crisis. Against the back\u00addrop of high refi\u00adnan\u00adcing requi\u00adre\u00adments and more rest\u00adric\u00adtive lending prac\u00adti\u00adces, SMEs are putting their finan\u00adcing mix on a broa\u00adder footing in order to reduce depen\u00addency on indi\u00advi\u00addual finan\u00adcing instru\u00adments and better balance possi\u00adble rene\u00adwed bott\u00adlen\u00adecks on the credit market.<\/strong><\/p>\n

Thus, a struc\u00adtu\u00adral change in corpo\u00adrate finan\u00adcing has been taking place for some time. In other words, the need for equity and near-equity finan\u00adcing instru\u00adments is incre\u00adasing, espe\u00adci\u00adally among medium-sized companies.<\/strong><\/p>\n

Initial public offe\u00adring as an equity finan\u00adcing instrument<\/strong><\/p>\n

Just like profit reten\u00adtion, foun\u00adder finan\u00adcing and private equity, the IPO is an instru\u00adment for inde\u00adpendently finan\u00adcing invest\u00adments in corpo\u00adrate growth and inter\u00adna\u00adtio\u00adna\u00adliza\u00adtion \u2014 through direct access to the capi\u00adtal market. In addi\u00adtion to finan\u00adcing growth and inter\u00adna\u00adtio\u00adna\u00adliza\u00adtion, there are many other reasons for going public, such as finan\u00adcing acqui\u00adsi\u00adti\u00adons, the possi\u00adbi\u00adlity of employee parti\u00adci\u00adpa\u00adtion, impro\u00adving the company\u2019s image and name reco\u00adgni\u00adtion, access to other capi\u00adtal market instru\u00adments, the regu\u00adla\u00adtion of corpo\u00adrate succes\u00adsion or the possi\u00adbi\u00adlity of asset diversification.<\/p>\n

Entry Stan\u00addard as custo\u00admi\u00adzed capi\u00adtal market access for small and medium-sized enterprises<\/strong><\/p>\n

Tradi\u00adtio\u00adnally, the stron\u00adgest coun\u00adter-argu\u00adment is the high trans\u00adpa\u00adrency requi\u00adre\u00adments of the capi\u00adtal market, as these are asso\u00adcia\u00adted with costs. They result in parti\u00adcu\u00adlar from the infor\u00adma\u00adtion requi\u00adre\u00adments that are linked to a stock exch\u00adange listing for reasons of inves\u00adtor protec\u00adtion. Howe\u00adver, through gradua\u00adted trans\u00adpa\u00adrency requi\u00adre\u00adments, trading segments also create the oppor\u00adtu\u00adnity for SMEs to gradu\u00adally tap the capi\u00adtal market as a source of finan\u00adcing via the stock exchange.<\/p>\n","protected":false},"featured_media":41000,"comment_status":"closed","ping_status":"closed","template":"","meta":{"wp_typography_post_enhancements_disabled":false},"product_brand":[],"product_cat":[2452,2511,2540,2543],"product_tag":[1789,1796,1803,1805,1810,1815],"class_list":{"0":"post-44038","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-ebook-en","7":"product_cat-fyb-2010-2","8":"product_cat-dr-martin-steinbach-en","9":"product_cat-sandra-bramhoff-en","10":"product_tag-martin-steinbach-en","11":"product_tag-sandra-bramhoff-en","12":"product_tag-financing-mix","13":"product_tag-borrowed-capital","14":"product_tag-refinancing-requirements","15":"product_tag-financial-instrument","16":"pa_sprache-english-3","17":"pa_sprache-german","19":"first","20":"outofstock","21":"taxable","22":"shipping-taxable","23":"purchasable","24":"product-type-variable"},"yoast_head":"\nNew ways of equity financing via the stock exchange - FYB Financial Yearbook<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fyb.de\/en\/produkt\/new-ways-of-equity-financing-through-the-stock-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New ways of equity financing via the stock exchange - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"In times when debt capital is becoming scarcer, companies - especially small and medium-sized enterprises - are relying on equity capital to a new extent. The main reason is changes in lending due to Basel II and the financial crisis. Against the backdrop of high refinancing requirements and more restrictive lending practices, SMEs are putting their financing mix on a broader footing in order to reduce dependency on individual financing instruments and better balance possible renewed bottlenecks on the credit market. Thus, a structural change in corporate financing has been taking place for some time. In other words, the need for equity and near-equity financing instruments is increasing, especially among medium-sized companies. Initial public offering as an equity financing instrument Just like profit retention, founder financing and private equity, the IPO is an instrument for independently financing investments in corporate growth and internationalization - through direct access to the capital market. 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