Can I obtain funding or investors on Euronext?
Yes, Euronext is the greatest combination of markets in the continent. There are close to 1,500 listed companies and over 5,000 institutional investors analysing the markets on a daily basis.
What is the Technical Listing?
It is an alternative offered to companies in order for them to list their shares on a Stock Market with the particularity that no shares have to change hands. This contrasts with IPOs, where coinciding with the listing, there is buy and sale share transactions. Click here for more information
Can anyone buy shares of my company?
Only if there are shares available for sale.
How can I operate on Euronext?
Through any market operator that has the stock registered on its system.
Can SOCIMI be listed on Euronext?
Yes, article 4 of the LEY 11/2009, 26/10 Sociedades Anónimas Cotizadas de Inversión en el Mercado Inmobiliario establishes that “SOCIMI shares shall be admitted to trading on a regulated market or on a Spanish Multilateral Trading Facility or on any other European member state…”
Can a company with no shareholders be listed and traded?
The different Euronext markets are adapted to welcome from Sociedades Anónimas Unipersonales (single-member corporations), to family-owned businesses, companies with a reduced number of shareholders that do not wish to initially change their shareholding structure (Technical Listing) or the contrary, those companies that seek to raise capital through an IPO.
What is the minimum number of shareholders needed to be listed and traded?
The different Euronext markets are adapted to welcome from Sociedades Anónimas Unipersonales (single-member corporations), to family-owned businesses, companies with a reduced number of shareholders that do not wish to initially change their shareholding structure (Technical Listing) or the contrary, those companies that seek to raise capital through an IPO.
In order to be listed and traded on Euronext, Is there a minimum requirement regarding revenue, EBITDA or profit?
No, the different Euronext markets are designed precisely to welcome companies such as Biotech, Start-ups and highly technological firms that do not yet have revenue, EBITDA or profit.
Differences between being listed on MAB and Euronext
MINIMUM MANDATORY REQUIREMENTS LISTING REQUIREMENTS MAINTENANCE REQUIREMENTS MAB EURONEXT MAB EURONEXT LEGAL DD ✔ ✔ FINANCIAL DD ✔ x ANNUAL AUDIT ✔ ✔ ✔ ✔ ABBREVIATED ANNUAL ACCOUNTS If applicable ✔ x COMFORT LETTER ✔ x BUSINESS PLAN ✔ ✔ ✔ x COMPANY VALUATION ✔ ✔ ASSET VALUATION ✔ ✔ ✔ x AGENT BANK ✔ ✔ ✔ ✔ LIQUIDITY PROVIDER ✔ x ✔ x FREE-FLOAT (€2 MILLION, 20 MINORITY STAKEHOLDERS (Not applicable to kin)) ✔ x ✔ x CASH DEPOSIT (€150k-€300k) ✔ x ✔ x SHARES DEPOSIT(150k-300k€) ✔ x ✔ x TECHNICAL LISTING ✔ ✔ CAPITAL RAISE, PRIVATE PLACEMENT (DAR, DAC) ✔ x LOCK-UP (1 year) ✔ x
What are the main differences between the different Euronext Markets?
EURONEXT ACCESS EURONEXT ACCESS + EURONEXT GROWTH EURONEXT (A/B/C) INITIAL ADMISISON Free-float Not applicable €1m €2.5m 25% or 5% if > €5m Financial Statements Last 2 years Last 3 years Intermediary Listing Sponsor Listing Agent Document to be provided Information Document* (or EU Prospectus in the case of IPOs) Information Document or EU Prospectus EU Prospectus