Zagreb stock exchange has selected Ascendant d.o.o. as an advisor to small and medium businesses through the process of enrolling on the Progress platform.
Progress is a multilateral trading platform, managed by Zagreb Stock Exchange, that is intended for public offering of small and medium-sized enterprises’ shares. Companies can use platform for raising capital for growth and development, or sale of up to 100% share.
As an advisor on the Progress market, Ascendant will lead and advise a company in the process of submitting the application for access to the Progress market, and prepare and support a company for proper functioning on the Progress market by advising a company in choosing the right mechanisms, measures and procedures. After the company gets an access to the Progress market, Ascendant will be advising a company on functioning of its financial instruments and complying of its obligations to publish information to the public for 2 years.
By becoming an advisor on the Progress market, Ascendant offers another advisory service that gives small and medium-sized companies and their owners an opportunity to raise capital on Croatian market or sell up to 100% of share.