Startups in 1402, although they were proud of the departure of the founders from Tepsi thanks to the stock exchange, but they still did not have a new achievement of the type of initial offering that would ignite hope in them like in 1401.
According to Iran digital economy annotation, the strong growth of the stock market index in 2019 put the desire of stock supply in the heads of many startups; But with the end of that period, the queue of applicants to enter the capital market was reduced one by one. In the first year of the new century (1401), Tapsi’s entry into the capital market was a very big and important achievement for Iran’s startup ecosystem. After reaching a specific regulation for the IPO of startups. In the same year, Asiatech was finally listed on the stock exchange; But the year 1402 was associated with a severe decline.
In 1402, apart from Tosan Techno, which is not considered a start-up, there was no IPO in this industry, and even those companies that said they would be IPO by the end of the year preferred to remain in the shadows.
In 1402, unlike the previous year, the movement trend of the stock market index showed more growth. While at the beginning of the year, the value of this index was around 2.2 million units, on the 16th of May 1402, the historical record of this index was set and it stood at the peak of 2.535 thousand units. This time, however, unlike the hot summer of 2019, when the rise of the index was even more intense, the startups did not act excited and did not hastily talk about the initial offering.
Finally, the stock market index calmed down a bit and reached about 2 million and 150 thousand units with a small difference compared to the beginning of 1402.
There is no news of adults
Shortly before the beginning of 1402, Bijan Abbasi Arand, CEO of Irancell, spoke about Irancell’s duty to SNAPP to follow up on SNAPP’s stock offering in the stock market and also announced that the legal procedures for Irancell’s entry into the capital market are nearing completion.
A little later, in the middle of Farardin 1402, the director of the supply and acceptance unit of Toranj Investment Advisor, who seemed to be planning to accept companies such as Snapp and Filmo, announced in a press conference that this year, three startups worth 80 thousand billion tomans will have an initial public offering. be. This has not happened until now, and there is no news of acceptance of large companies of this industry in the stock market.
Nothing happened even with the companies that had made promises in this regard. Masoud Vakilinia, the CEO of Ertebat Farda, said in Mehr 1402 that this company started the process of entering the stock market in 1401 and good things will happen in this field by the end of the year, but still the name of this company is not seen among the stock market news.
Will a new opening be opened?
The days of low growth in Iran’s ICT stock market and financial markets continued to pass until the stock exchange organization announced that it has created an innovation market in the off-exchange with an independent admission board so that knowledge-based companies and startups can more easily offer their shares in the capital market.
The talk of creating a specialized market for start-ups in the OSE had been discussed for about 4 years, and finally the OSE broke the lock on its creation with the innovative market.
This ruling is even included in the seventh development plan. In this program, the Ministry of Economy, in cooperation with the Ministry of Communications, is tasked with providing specialized companies active in the field of digital and knowledge-based economy with the opportunity to be listed on the stock market.
Intangible assets are also supposed to be recognized by banks, credit institutions and financial funds of the stock exchange organization in the validation and collateral processes.
It is not clear what will happen to the innovative market despite this ruling from the 7th plan, but this incident has made the market operators a little hopeful.
Radman Rabiei, Vice President of Innovation and Digital Economy of Firouze Financial Group, also told Peivast about this, now it is too early to judge the innovative market. But if I want to look at this issue from the current perspective, I believe that this market can be a great opportunity due to the possibility of liquidity and capital supply that it provides for companies. We at Firuzeh Group welcome the formation of this market.
He believes that due to the limitations of SMEs, this market could not meet the expectations, but it seems that these limitations are not considered in the innovative market.
Other people, including Ali Heydari, the manager of Sarv bold investment fund, had expressed his ignorance about the details of this market, but he had evaluated the approach of OTC in this matter positively.
Now it seems that Iranian startups have hoped to open their feet to the stock market. No more like in 2019, they are in a hurry and excited and one after another they announce their readiness for the initial release, and even after a few years of that event, the market experiences very strong turbulences.
Even though the year 1402 was not a sign of the initial supply of important products, it is impossible to pass the year 1403 as the fateful year 1403 for startups and the stock market. Now the innovative market is ready to welcome startups.
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