Example of liquidity seeding for first start-up IPO
### Seeding of Liquidity
Right after each IPO, the associated startup seeds the liquidity. The percentage of the raised funds dedicated to the liquidity pool is transparently disclosed before the IPO.
As soon as the Swiss Commercial Register has entered the new shares into its registry, the pool will be created, and liquidity will be seeded. The registration of these new shares can be viewed at the Swiss commercial registry ([www.zefix.ch](http://www.zefix.ch)). Typically, the Commercial Register approves within about 2 weeks.
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The liquidity pool can only be seeded after the shares have validly been created according to Swiss law, which requires the authorization of a public notary and the Swiss Commercial Register.
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