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

2019-12-04T03:12:40+00:0011 November, 2019|

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…”

2019-11-15T15:04:19+00:0011 November, 2019|

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.

2019-11-11T11:10:43+00:0011 November, 2019|

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.

2019-11-11T11:10:09+00:0011 November, 2019|

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

2020-01-07T19:00:06+00:0011 November, 2019|

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

2019-12-04T04:09:12+00:0011 November, 2019|