Richard Bruton (Dublin North Central, Fine Gael) | Oireachtas source

One of the initiatives in the action plan for jobs is to examine whether the Irish Stock Exchange can be a vehicle for exit. There can be an initial public offering, IPO, in which the company places a certain number of its shares on the open market for subscription. This provides an exit to the venture fund, but it is rare in Ireland and in Europe. Ireland and the EU are looking at making the option a real one. The pressure on access to finance and relatively low returns for venture capital funds have existed throughout Europe in recent years but are more acute in Ireland, and this puts renewed focus on how to fund this successfully. Ireland is ahead of the posse in terms of the State leveraging new seed and angel money in support of companies. Enterprise Ireland has been ahead and has been in the market for over a decade. I look forward to receiving further comment from Deputy Kyne and we will examine it.

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