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The European Commission has published a practical guide to going public on the DG Enterprise and Industry website at:
http://ec.europa.eu/enterprise/policies/finance/risk‐capital/going‐public/index_en.htm
The guide was developed with the assistance of EuropeanIssuers and the Federation of European Securities Exchanges (FESE) and provides practical information about listing including information on the benefits of listing, things to consider, is your company ready, how to list (which includes information on what regulation in Europe applies) and where to list. The guide provides an excellent general outline to any company that would like to consider going public and explains to companies some of the changes and challenges that they will face if they seek financing from the capital markets. The website also provides some quotes from companies who have already experienced the listing process and are able to share their experience on different levels of the process.
Susannah Haan, Secretary General of EuropeanIssuers, said: “Given the current credit crunch, there is an urgent need for companies to raise money from non‐bank sources. Facilitating access to finance through the capital markets in Europe has never been more important. We hope that policymakers will pay more attention to the needs of companies seeking to access the capital markets. We therefore welcome the publication of this online guide giving practical information to companies and we hope to see additional action in the future.”
Judith Hardt, Secretary General of FESE, said: “In relation to capital markets, we believe that this is an excellent first step in addressing the issues faced by companies. However, there is more that can be done. Capital markets are a key component of the financial markets value chain and they play an integral role in contributing towards growth and ultimately the health of the economy. This guide is a first step in helping companies understand how to list and its benefits, however we believe that helping local ecosystems deliver IPOs should be at the forefront of EU policies. We look forward to working with the Commission further on this issue to address what needs to be done to support our companies in Europe.”
