START is a market for smaller innovative companies looking to raise new capital. Alternatively, the company owners could capitalise their shares and make a full or partial exit on this public market. The advantage of the START market, when compared with other similar European markets, is a low cost for issuers. It also means that a cost for new capital becomes very competitive with other types of financing or exit strategies.
START market is an alternative source of capital for companies, however, it also offers investors the potential for high profits. Investors could be both experienced, high-networth individuals and institutional investors (private or venture capital funds).
Trading on the START market is daily until 12:30 and it is in a form of an auction where bid offers meet ask offers.
In addition, Prague Stock Exchange organise investor relations days, called START Days, twice a year. During this event, existing START market issuers present their actual business results, meet investors and answer their questions. Representatives of companies that are planning to enter the START market in the near future have also the option to pitch to potential investors during a START Day. Investors could either watch the video-conference online or attend the event personally, if possible. Date, time and a venue of the START Day will be confirmed well in advance.