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IPO - Minimum shares to be sold and Corporate Governance

  • 22-07-2014 2:51pm
    #1
    Pandoras Twist
    Registered Users, Registered Users 2 Posts: 1,375 ✭✭✭


    Hi All,

    Not sure if this is the right place to post this but:

    Is there a minimum % of shareholding which must be made available to the public on an IPO. I have 30% written in my notes but I can't find any back up of this online.

    Also, for the application of the UK Corporate Governance Code for Irish listed entities am I correct in thinking the following:

    1. A large company is one which trades on the Main securities market
    2. A small company is eligible to trade on the Small Cap Market which means it must have a €4m market cap or less


    Thanks!


Comments

  • #2
    HobbyMan
    Banned (with Prison Access) Posts: 212 ✭✭HobbyMan


    Not sure about UK Corporate Governance but the Irish slant is as follows:

    To list on IEX the company needs a minimum market cap of €5m. There are no other admission criteria needed.

    To list on the main market there are many admission criteria, which I won't list here for sake of space and time, plus a company needs a 3 years trading record.

    A minimum of 25% of shares must be held in public hands.

    Hope that helps.


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