Spanish coffee shop chain Vanadi Coffee is targeting the stock market. Its founder is Salvador Martí, also founder of the technology company FacePhi and chairman of Intercity, the first Spanish football club to be listed. The company has already taken the first step for the company to debut on the stock market for SMEs in expansion, the BME Growth, next spring.
The company has been incorporated into what is known as the pre-market environment, the step prior to its listing. During this time, the firm’s managers receive training to help them adapt to the regulatory and transparency requirements of stock market listing.
BME’s Pre-Market Environment (EpM), BME’s acceleration program in the process of incorporating companies to the financial markets, has now 25 companies that are part of this program.
The new company operates a chain of coffee shops with the latest technology and its own pastries that aspires to become ‘the Spanish Starbucks’, with a presence in the province of Alicante and plans to open soon in other parts of Spain, starting with Valencia. Vanadi’s expansion plan includes the opening of 90 cafés in the next three years.
Devesa & Calvo will perform the Legal, Tax and Due Diligence for the company´s IPO on BME Growth with founding partner David Devesa, along with partners Juan Antonio Botella (Commercial), José Luis Valverde (Labour) and José María García (Tax).