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When comparing to an IPO, an SPO will be a less demanding process for all for all those involved in the operation and the Company incurs in less costs.
The same type of costs that arise in an IPO also may arise in an SPO. Nonetheless, usually those costs are smaller in an SPO given the efforts required for the planning, preparation and marketing will be typically less.
Based on financial information available from Portuguese listed companies, the average total cost of an SPO tends to be within the interval of 1% – 5% of the total amount of funds raised during the offer.
Typically, the larger the offering, the higher the costs in absolute terms. Nevertheless, in relative terms, usually they represent a much smaller proportion of the value of the offer proceeds compared with small-sized offerings.
Recommended reading: 3.1.3. IPO Costs main costs of SPO process (except Euronext fees that are described below).
Euronext fees
The Company that applies for admission to trading of its shares shall pay any fees charged by Euronext, in accordance with the conditions defined.
The Stock Market Operator, Euronext, charges the following subsequent admission fees for shares:
Check more detailed fees charged by Euronext here.
The fees charged for the processing of exercise of issue rights is fixed in 529,50€. Check more detailed fees charged by Euronext Securities here.
