“We want to make it easier for small and medium-sized enterprises to enter the stock exchange and access to capital. The IPO Fund 2025+ will help companies not only attract new investors, but also strengthen market confidence. At the same time, we will support the development of the domestic capital market, which still has considerable potential in the Czech Republic,” says Minister of Industry and Trade Lukáš Vlček, adding that the total allocation of the programme until 2030 is approximately CZK 360 million. “All funds come from repayable sources of previous financial instruments. In addition, thanks to the repeated use of the proceeds from the sale of investments, the fund is designed to be self-financing in the long term,” adds the minister.
“The IPO Fund 2025+ program is an important step towards the development of the capital market in the Czech Republic. We want to support small and medium-sized enterprises and mid-caps so that they have an easier path to the stock market and can raise the necessary capital for their growth. We believe that with this programme we will strengthen the competitiveness of the Czech economy and at the same time contribute to making the domestic capital market more attractive for investors,” said Barbara Pošívalová, Chairwoman of the Board of Directors of National Development Investment.
The IPO Fund 2025+ follows a similarly successful program implemented under the Operational Programme Enterprise and Innovation for Competitiveness (OP PIK), which supported the entry of several companies into the START market of the Prague Stock Exchange. An example of a successful investment is the Czech manufacturer of unmanned aerial vehicles Primoco UAV SE, which recorded significant growth after entering the stock exchange and became one of the most important players in its field.
The manager of the IPO fund 2025+ is NRI, which will make equity investments as part of its investment process through the purchase of shares under the IPO of the target companies. The fund’s investment will always make up a maximum of 30% of the volume of newly subscribed shares in a given issue in order to maintain the predominance of private capital.
The IPO Fund 2025+ programme represents a concrete step in the fulfilment of the government’s Economic Strategy: The Czech Republic in the top 10 and contributes to increasing the competitiveness of the Czech economy through a strong business sector and a developed capital market.
More information about the program is available on the NRB website: www.nrinvesticni.cz.
