- Euronext and its partners today reveal the details of the Euronext Tech Leaders initiative
- Go-live of Euronext Tech Leaders segment, gathering more than 100 high-growth and leading Tech companies listed on Euronext
- New Euronext Tech Leaders index to track the segment
- Full suite of post-IPO services from Euronext and its partners to further strengthen Europe’s Tech sector through capital markets
- Pre-IPO services to prepare the next generation of Euronext Tech Leaders
Euronext, the leading pan-European market infrastructure, today announces the launch of the Euronext Tech Leaders initiative in partnership with key players in both the private and public market ecosystems, further strengthening Euronext’s longstanding commitment towards the Tech sector.
Euronext Tech Leaders builds on Euronext’s rich Tech ecosystem, which is home to more than 700 Tech companies listed on Euronext markets, over 660 private companies that are alumni of Euronext pre-IPO programmes including TechShare and IPOready, and a large base of international investors financing all types of Tech company growth profiles.
The Euronext Tech Leaders initiative complements Euronext's existing Tech offer with the ambition to strengthen the European Tech sector and be a catalyst for the next generation of Tech leaders.
Euronext has partnered with key players1, including global investment banks BNP Paribas, Goldman Sachs, HSBC, J.P. Morgan and Societe Generale, as well as Caisse Des Dépôts et Consignations, Bpifrance, La Mission French Tech, Amiral Gestion, Cliff, ABG Sundal Collier, Carnegie, Pareto Securities, SpareBank 1 Markets and Davy.
The initiative includes the launch of the Euronext Tech Leaders segment, composed of more than 100 high-growth and leading Tech companies2, each meeting a specific set of criteria to qualify, and all listed on one or several of the seven Euronext venues, together with a dedicated set of services for listed and private Tech companies.
Euronext will offer the following services to its community of Euronext Tech Leaders:
- Euronext Tech Leaders index, encompassing all member companies of the Euronext Tech Leaders segment;
- A full suite of advisory services and communication actions to raise the international profile of listed European Tech companies;
- Membership to the C-level club granting exclusive access to top-tier events organised by Euronext and its network of partners, including the Euronext Tech Leaders Campus, the annual meeting for European Tech companies;
- Improved trading conditions for retail investors on Euronext Tech Leaders stocks as well as analytics coverage, thanks to Euronext’s partnership with Early Metrics.
Alongside this segment, Euronext and its partners are launching a full range of dedicated “pre-IPO” services to provide tomorrow’s Tech leaders with the best possible support for listing on Euronext markets, thereby helping them to finance their growth and form the next generation of European Tech giants.
Stéphane Boujnah, CEO and Chairman of the Managing Board, said: “Building on years of commitment towards private and listed Tech companies, Euronext is the leading and most natural listing venue for European Tech firms of all sizes. Through the Euronext Tech Leaders initiative, Euronext and its partners are building an interconnected financial ecosystem to support high-growth and leading Tech companies. The initiative brings together investors, advisors and successful Tech companies to provide listed Tech companies with enhanced visibility among Euronext’s large international investor base. The Euronext Tech Leaders segment will become a benchmark for successful listed Tech companies, and a catalyst for investor and analyst interest. In addition, our strengthened offering of pre-IPO services will help prepare the next generation of Euronext Tech Leaders, which will be a great source of growth for the European economy.”
Further details:
Euronext Tech Leaders initiative strengthens Euronext’s commitment to the Tech sector
Euronext is the number one equity listing venue for Tech in Europe, with 700+ listed Tech companies, representing an aggregated market capitalisation of €1.5 trillion as of 30 April 2022.
Of the total 212 new equity listings on Euronext markets in 2021, more than 50% came from the Tech sector, including Allfunds, AutoStore, Exclusive Networks, Believe, Aramis, and OVHcloud.
Euronext offers access to a rich ecosystem dedicated to the Tech sector, and in particular, a large and international investor base financing Tech companies of all growth profiles. Euronext has also developed a set of pan-European pre-IPO programmes such as TechShare and IPOready that help innovative businesses familiarise themselves with sector-specific capital markets knowledge to provide them with all the information they need to reach the next stage of their growth. Since the launch in 2015, over 660 companies have participated in Euronext pre-IPO programmes, all selected for their capacity for innovation and their impressive performance. Euronext Tech Leaders complements Euronext's existing Tech offer with the ambition to help the European Tech sector strengthen and prepare for the next generation of Tech leaders.
A full suite of services provided to Euronext Tech Leaders to enhance their visibility
Together with its network of partners, Euronext commits to offering a full suite of products and services to Euronext Tech Leaders, including:
- Automatic inclusion in the Euronext Tech Leaders index and access to a full suite of advisory and communication services to raise the international profile of listed European Tech companies;
- Exclusive access to top-tier events organised by Euronext and its network of partners, including:
- Dedicated C-level club offering an exclusive programme of events, including knowledge-sharing sessions and networking opportunities, as well as access to a strong community of successful European companies and thought leaders;
- The Euronext Tech Leaders Campus, the annual gathering for European Euronext Tech Leaders companies;
- Exclusive access to top-tier events organised by Euronext and its network of partners, including:
- Enhanced visibility for Euronext Tech Leaders amongst retail investors through the following initiatives:
- Euronext commits to include Euronext Tech Leader companies in liquidity programmes that are specific to the Exchange and designed to enhance trading conditions for retail investors, thereby increasing liquidity in Euronext Tech Leaders’ shares3;
- In partnership with Early Metrics, a leader in independent start-up ratings, valuations and analysis of Tech trends, Euronext will provide detailed analytical notes accessible to all investors (including retail investors) on all Euronext Tech Leaders4, as well as on the segment’s major trends.
Euronext also provides a dedicated advisory package offer from its Corporate Services business, enabling Tech companies to better tackle the challenges specific to their profile.
In parallel, Euronext and its partners offer a full range of tailored pre-IPO services for tomorrow’s Euronext Tech Leaders to assist them on their growth journey, provide them with access to investors and prepare them for a potential future IPO.
The methodology and criteria for the Euronext Tech Leaders segment are detailed in the Appendix.
Appendix
1. Companies joining Euronext Tech Leaders as of 7 June 2022
|
ISIN |
Company name |
|
FR0012333284 |
Abivax |
|
NO0010844038 |
Adevinta |
|
NL0012969182 |
Adyen |
|
FR0000060402 |
Albioma |
|
IT0004720733 |
Alerion Cleanpower |
|
NL0012817175 |
Alfen |
|
GB00BNTJ3546 |
Allfunds |
|
FR0000071946 |
Alten |
|
IT0005366601 |
Antares Vision |
|
FR0014003U94 |
Aramis Group |
|
NL0010832176 |
Argenx |
|
NL0000334118 |
ASM International |
|
NL0010273215 |
ASML |
|
NO0004822503 |
Atea |
|
FR0000051732 |
Atos |
|
BMG0670A1099 |
Autostore |
|
NL00150006Z9 |
Azerion |
|
BE0974362940 |
Barco |
|
NL0012866412 |
BE Semiconductor Industries |
|
FR0014003FE9 |
Believe |
|
LU2355630455 |
BenevolentAI |
|
FR0013280286 |
Biomerieux |
|
NO0010360266 |
Bouvet |
|
FR0000125338 |
Capgemini |
|
FR0011648716 |
Carbios |
|
NO0010876642 |
Cloudberry Clean Energy |
|
NL0012747059 |
CM.com |
|
NL0010949392 |
Cnova |
|
NO0010808892 |
Crayon |
|
FR0014003TT8 |
Dassault Systemes |
|
IT0003492391 |
Diasorin |
|
IT0001469995 |
Digital Bros |
|
IT0005347429 |
Digital Value |
|
NL0015000CZ2 |
Ebusco |
|
ES0127797019 |
EDP Renovaveis |
|
IT0005453250 |
El.En. |
|
FR0012882389 |
Equasens |
|
FR0004110310 |
ESI Group |
|
FR0000035818 |
Esker |
|
FR0014000MR3 |
Eurofins Scientific |
|
DK0061414711 |
Everfuel |
|
BE0003820371 |
EVS Broadcast Equipment |
|
FR0014005DA7 |
Exclusive Networks |
|
NL0013654809 |
Fastned |
|
IT0000072170 |
FinecoBank |
|
IE00BWT6H894 |
Flutter Entertainment |
|
BE0003818359 |
Galapagos |
|
PTGNV0AM0001 |
GreenVolt |
|
IT0005411209 |
GVS |
|
FR0014007ND6 |
Haffner Energy |
|
FR0014003VY4 |
HDF |
|
NO0010904923 |
Hexagon Purus |
|
FR0014001PM5 |
Hydrogen Refueling Solutions |
|
BE0974363955 |
Hyloris Pharmaceuticals |
|
IT0005359192 |
Illimity Bank |
|
FR0013233012 |
Inventiva |
|
NL0012015705 |
Just Eat Takeaway.com |
|
NO0010823131 |
Kahoot! |
|
NL0000009538 |
Koninklijke Philips |
|
FR0000065484 |
Lectra |
|
FR0014009YQ1 |
Lhyfe |
|
NO0010894231 |
Link Mobility |
|
FR0000038242 |
Lumibird |
|
LU2382956378 |
Majorel |
|
FR0011742329 |
McPhy Energy |
|
BE0165385973 |
Melexis |
|
NL00150003D3 |
Meltwater |
|
BE0974283153 |
Mithra |
|
IT0004195308 |
MutuiOnline |
|
FR0013482791 |
Nacon |
|
NO0010081235 |
Nel |
|
FR0011675362 |
Neoen |
|
FR0004050250 |
Neurones |
|
IT0005366767 |
Nexi |
|
FR0012650166 |
Nhoa |
|
FI0009000681 |
Nokia |
|
NO0003055501 |
Nordic Semiconductor |
|
NL0015000D50 |
NX Filtration |
|
NO0010714785 |
Nykode Therapeutics |
|
BE0974358906 |
Nyxoah |
|
FR0014005HJ9 |
OVHcloud |
|
IT0005373789 |
Philogen |
|
NL0013654783 |
Prosus |
|
IT0005282865 |
Reply |
|
FR0013154002 |
Sartorius |
|
NO0010715139 |
Scatec |
|
IT0005438046 |
SECO |
|
IT0004729759 |
SeSa |
|
FR0010282822 |
SES-imagotag |
|
FR0013227113 |
Soitec |
|
FR0000050809 |
Sopra Steria |
|
NL0000226223 |
STMicroelectronics |
|
IT0005482333 |
Technoprobe |
|
FR0000051807 |
Teleperformance |
|
FI0009000277 |
Tietoevry |
|
IT0005037210 |
Tinexta |
|
NL0000852523 |
TKH Group |
|
NO0005668905 |
TOMRA |
|
NL0013332471 |
TomTom |
|
FR0000054470 |
Ubisoft |
|
FR0004056851 |
Valneva |
|
FR0011995588 |
Voltalia |
|
NO0010894603 |
Volue |
|
FR0012532810 |
Waga Energy |
|
IT0005440893 |
Wiit |
|
FR0011981968 |
Worldline |
|
BE0974310428 |
X-FAB |
|
NO0010713936 |
Zaptec |
2. Eligibility criteria as of 7 June 2022
To belong to the Euronext Tech Leaders segment, a company must meet the following criteria:
- To be admitted to trading on Euronext Regulated Markets or Euronext Growth
- Be a Tech company as per the methodology applied by Euronext (the methodology is described below in “Euronext Tech classification methodology”)
- Have a market capitalisation superior to €300m at the time of the cut-off date5
- For companies with a market capitalisation below €1bn and with latest annual consolidated revenue above €50m, a minimum revenue growth rate should be applied according to the following criteria:
- For companies with latest annual consolidated revenue above €500m: ≥5% revenue CAGR6 over the last 3 financial years
- For companies with latest annual consolidated revenue between €100m and €500m: ≥10% revenue CAGR over the last 3 financial years
- For companies with latest annual consolidated revenue below €100m: ≥20% revenue CAGR over the last 3 financial years
- For companies with a market capitalisation below €1bn and with latest annual consolidated revenue below €50m, a minimum fundraising of €50m over the last 3 calendar years7 should be applied. In the case of a new listed company, only the gross proceeds at the initial admission is considered.
No performance criteria is required for companies with a market capitalisation above €1 billion.
For further details on the Euronext Tech Leaders governance framework, please visit the Euronext Tech Leaders webpage.
These criteria may be adjusted over time.
3. Euronext Tech classification methodology
The subsectors defined by Euronext to identify listed technology companies8 are as follows:
- Healthtech
- Biotech
- Medtech
- Cleantech
- Energy efficiency
- Green production practices
- Pollution mitigation, conservation and restoration
- Clean energy sources
- General Tech
- Digital services and technology advisory
- Hardware and robotics
- Fintech
- Electronics
- Software
- e-Commerce and market place
- Digital media and entertainment
