Given the challenge for European Innovative SMEs to access European Public Markets is not new, there have been a number of past studies and initiatives. We detail a number of these below where copyright permits. If there are studies of which we should be aware, or should be detailed here, please don’t hesitate to contact us.
The provision of investment research is set to change dramatically in Europe under the revised Markets in Financial Instruments Directive (MiFID II). The traditional business model of brokers providing bundled research and execution services to asset managers will end. Investment banks and other research providers will have to establish a price for research and charge clients separately for those services. Asset managers will have to develop research budgets and determine how to allocate the costs of research.
This report is intended for general information only, and is not intended to be and should not be relied upon as being legal, financial, investment tax, regulatory, business or other professional advice. While the information contained in this Report is taken from sources believed to be reliable, none of AFME represents or warrants that it is accurate, suitable or complete and none of AFME or their respective employees or consultants shall have any liability arising from, or relating to, the use of this Report or its contents.
“Think of the fundamental value chain of venture capital … If we play the clock forward, the finding and assessing of investments will be almost entirely done by technology, not human beings. And the company that is today positioned to be the market leader in that evolution is CB Insights.” Pat Grady, Sequoia Capital, Partner
This guide should not be relied upon as legal, financial, regulatory or other professional advice. Users of the guide are encouraged to seek appropriate independent advice before entering into any kind of financing transaction. While the information contained in this is taken from sources believed to be reliable, AFME does not represent or warrant that it is accurate or complete and AFME and its employees and consultants shall not have any liability arising from, or relating to, the use of this guide or its contents.
This Report makes recommendations to EU policy makers and industry participants to increase EU job creation and drive growth by restoring effective access to the public markets for smaller, high- growth companies. It aims to provide input to EU Commissioner Hill’s Capital Markets Union Green Paper consultation.