The Dhaka Stock Exchange on Monday will launch cross-border match-making platform V-Next, a one-stop pitching mechanism among qualified investors, intermediaries and start-ups to promote its small and medium enterprise board.
DSE officials said that the bourse would launch the platform in the country so that the local investors and foreign investors could integrate.
Earlier on May 6, the Shenzhen Stock Exchange and the DSE launched the Bangladesh Window on the V-Next platform under the strategic investment agreement.
A Chinese consortium of Shenzhen and Shanghai stock exchanges on September 4 joined the DSE as its strategic shareholder through purchasing 25 per cent shares of the Bangladesh’s premier bourse for Tk 947 crore.
V-Next is the platform for innovative start-ups and SMEs to raise capital, expand into new markets and forge meaningful business relationships with institutional investors, business leaders, representatives of global institutions, DSE officials said.
Enterprises that are registered can publish their financing requirement for specific projects on the platform, and illustrate their demands in various forms including video (live and on-demand), graphics and text, they said.
Despite the platform has companies and investors from more than 40 countries, the DSE will first open the linkage with the Chinese investment professionals to the local ones.
It has over 11,000 Chinese professionals, a vast opportunity for unlocking capital sources.
The Bangladesh Window will facilitate the country’s listed and unlisted companies to explore equity and strategic partnership, seek business collaboration, and diversify business and technology channels in China.
DSE officials also said that the platform would enable skilled entrepreneurs to collaborate with professional investors by virtually supporting all aspects of the investment relationship through a streamlined professional service.
The intended companies and professionals can be members of V-Next without any fee and charges, DSE officials said.
The global engagement between local and foreign entrepreneurs would promote the country’s capital market, especially the DSE SME board as the foreign investors prefer the stock market for exit from an investment into a company or start-up, they said.
Listing of a company in the capital market can provide expected prices of the companies’ shares.
Any public limited company is eligible to raise fund and get listed on the small capital platform. After listing on the platform, the company’s paid-up-capital must stand at least Tk 5 crore and below Tk 30 crore.
Earlier in January this year, the DSE had set target to enlist 20 SMEs in this year and 30 SMEs in the next year.