Pan European stock exchange Euronext has expanded into four new countries – Germany, Italy, Spain, and Switzerland.
With the expansion the stock exchange has opened offices in five new cities: Frankfurt, Munich, Milan, Madrid, and Zurich. Euronext will help and support local tech startups and scaleups at the later stages and in need of new funding routes through the process of listing publicly.
“We believe that Euronext is well positioned to support local tech SME leaders across the continent to bridge funding and liquidity gaps, and contribute to making Europe a global hub for innovation and growth,” said CEO Stéphane Boujnah. The exchange is already operating in the UK, Portugal, France, and the Netherlands.
The growth of Euronextinto these four new markets will bring a number of Euronext’s programmes on the ground to help companies, such as TechShare, a pre-listing education programme; Morningstar Equity research programme, which links companies with financial analysts; and the Tech 40 Label and Index. It is also planning to launch two new initiatives in 2018.
There are currently more than 330 companies listed on the stock exchange that fall into the areas of technology, media, telecommunications, clean tech, and life sciences with a market cap of €50 billion.