Raising equity for local SMEs, Investbx incorporates a stock market for West Midlands based companies. Investbx share dealing and investment advice services are provided and administered by The Share Centre Limited
Investbx is a virtual mechanism with local support from a West Midlands based team.
The mechanism enables companies to release shares, in exchange for a portion of equity, to a wide ranging audience of local and national investors.
Working towards Admission
From the outset, each company will work with Investbx to assess whether admission is appropriate.
The process of issuing shares in return for equity has been streamlined and all the documents required to join Investbx and raise equity will be completed by the company and its advisers using an extranet facility.
An admission document will be available to potential investors through the Investbx website. Investors will be able to apply for new issue shares directly online, or via financial intermediaries.
Subsequent to Admission
Investbx uses an online auction-driven platform to stimulate liquidity in the shares of the company in the secondary market.
An auction-driven platform is widely recognised to be a more appropriate mechanism for trading of stocks in smaller companies, matching buyers and sellers at a single price. This process eliminates the wide share price trading spread often seen with smaller company shares.
Buy and sell orders received between auctions will help give rise to an 'indicative price', showing what the shares would trade at were the auction to take place at that moment, rather than at the actual auction date.
