• Dynamic companies that have the potential to escape a state of being a small or medium-sized enterprise.
• Eurostat-OECD definition: All enterprises with average annualised growth greater than 20% per annum, over a
three year period.
• US Jumpstart Our Business Startups Act (JOBS Act) definition: An issuer that had total annual gross revenues of less than USD 1 billion during its most recently completed fiscal year.