Spain Unveils an Option to Help IPOs Avoid Market Turbulence

The Bolsa de Madrid stock exchange in Madrid.Photographer: Emilio Parra Doiztua/Bloomberg

Spain’s stock market has found a creative solution for initial public offerings in chaotic times: register on the exchange first and then quickly sell shares when the time is right.

The new mechanism, BME Easy Access, aims to help candidates to avoid the experience of companies like Europastry SA who halted their IPO process twice last year citing the impact of politics on markets.