Republic Europe-funded business will not be eligible to be listed on the Republic Europe Secondary Market if:
Republic Europe is aware of any event that may result in a potential change in the valuation of the business in accordance with our Portfolio Update methodology before or after the next trading cycle. This may be an increase or a decrease in valuation;
Where the business has requested that its shares are not listed in the next trading cycle; or
Where Republic Europe believes it would be detrimental to the buyer, the seller or the company for shares to be available.
As our market operates 24/7, there may be a period of time between when new information becomes available and when eligibility statuses are updated. All trades made while a business is eligible will stand, even if we had already received information that may subsequently lead us to mark the business as ineligible.
In most cases, ineligibility is likely because we have become aware of a new funding round and (hopefully) that is with us. However, there are a number of other scenarios and in our role as Nominee and with the rights we hold and manage on investors' behalf, we may have become aware of an imminent price change. Quite often in these latter scenarios negotiations are confidential and we are bound to respect them or risk upsetting the success of them.
Either Republic Europe or the funded business will always share the reason for in/eligibility via email to existing investors or a post on the post-investment forum, if we can. If you haven't heard from us or the business it's likely the reason is confidential and we would encourage monitoring the post-investment forums for changes and updates.