Euronext is the first stock market in Europe and the fifth in the world. More than 1.300 companies, with different dimensions, are traded in those stock exchanges and their capitalization sum up 1.300 millions of euros. Euronext covers nine countries operating places in the most important cities of Europe like Paris, Amsterdam, Brussels, Dublin and Lisboa.
Euronext is structured in two exchanges: The “Main Market” which includes midcap and big companies, and the “Junior Market”, formed by two specific segments: Euronext Acces and Euronext Growth, where SMEs stocks are incorporated. They sum up almos 450 traded stocks.
Euronext Access main characteristics are their incorporation conditions, adapted to startups and SMEs, with a high growth expectations but which still don’t have the feautres to trade neither on the growth segment or on the “Main Market”. But, meanwhile, they gain visibility on the investor’s communities. The only requirement the companies must meet is a minimum free float of 1 million of euros.
A company must raise a minimum of 2,5 milions of euros in equity to incorporate its shares on Euronext Growht. Although companies normally raise funds from 5 to 15 millions of euros.
As a regulated market Euronext oblige the listed companies audit its financial statements and contract a listing sponsor. The target of this market are the high growth business models and midcaps which are looking for international investors. Since 2013, Euronext Growth’ companies raised 6.000 millions euros in equity.
Main Market requires companies raise funds at least a 25% of its equity. Normally this amount is greater than 15 million of euros. That market impose more obligations on its listed companies, which receive more liquity (8.6 times more than Euronext Growht) and access to a pool of 3,700 institutional investors.
Moreover, the listed shares on Main Market can be selected for international indexes.