B3 created Bovespa Mais to help develop the brazilian equity market. Envisaged for companies that want gradual access to the formal market, the purpose of this segment is to foster growth among small and midsize companies via the capital market. A gradual access strategy grants adequate preparation time for your company while simultaneously showcasing it to the market, increasing your visibility among investors.
Bovespa Mais allows smaller fundraising operations than the Novo Mercado, which are more appropriate for financing your growth projects. Companies listed on Bovespa Mais tend to attract investors who see more accentuated development potential in the business. Share offers can be targeted to select investors who tend to view return as a medium to long term matter.
Bovespa Mais also allows listings without an offering, meaning you can list your company on the Exchange and have up to seven years to hold the IPO. This is ideal for companies that wish to access the market gradually. You can work on the professionalization of your business with a view to the listing alone and afterwards have more time to hold the public offering. Detaching one moment from the other means access to the market tends to be easier and your company’s preparedness higher.
Companies listed on Bovespa Mais are exempted from the registration fee (a fee B3 charges for the registration of companies) and receive a gradual discount on the listing maintenance fee, being 100% in the first year.
Companies listed on Bovespa Mais commit to a high standard of corporate governance and transparency with the market.