With European startup funding at an all-time high and the 28 Tech IPOs that went live in 2021, the outlook is good for European Tech. This goes in hand with the largest-ever edition of TechShare, Euronext’s pre-IPO programme, curated to European companies since 2015.
This year the programme will welcome 121* companies from 10 countries - Belgium, France, Germany, Ireland, Italy, the Netherlands, Norway, Portugal, Spain, and Switzerland. The majority of participants come from the technology, media, and telecom (TMT) sectors, as well as life sciences, and a growing number of cleantech companies, generating an average of 32 million euros in revenue annually.
What these companies have in common is an expectation to complete an IPO in the next 1-3 years, and are looking to prepare themselves to be in the best position to do so. The programme will lay the roadmap for their journey to an IPO.
Preparing European tech for successful IPOs
Over the course of the next six months, participating companies will get access to a slew of critical information they need to run a successful IPO.
Workshops will cover topics such as the IPO process, the legal perspective, IPO valuation, building your equity story, financial communication, corporate governance, and post-listing requirements. The programme will be supplemented by individual coaching sessions conducted by audit firms, lawyers, communication specialists, and investor relations specialists.
To complement these factual topics, a focus will also be placed on supplementary skills and characteristics that are also essential in making the journey towards a listing operation a global success – developing soft skills such as entrepreneurial mindset, leading growth, scaling beyond borders, attracting talents and managing ownership. These will be delivered by 67 top executives in each of the focus industries through expert sessions and group workshops.
An upswing of interest coupled with an upswing of success
In addition to the aforementioned records – in European tech, in TechShare participants, and in IPOs – we have also seen the fruits of TechShare's labor. Since 2015 the programme has welcomed more than 650 companies. Of those, 17 alumni have already listed on Euronext markets, with 9 in 2021 alone, clearly pointing to a growth trend both for European scaleups and Euronext itself.
“Euronext is strongly committed to support European growth, providing Tech companies with a unique ecosystem focusing on their needs. Following an all-time record year for equity listings in 2021, and as the largest equity listing venue for Tech companies in Europe, Euronext has become the go-to market for this sector to finance growth steps through an IPO.” - Stéphane Boujnah, CEO and Chairman of the Managing Board.
Over the past year, TechShare alumni have raised over 399.6 million euros through listing on Euronext. Among those were notable Tech scaleups, such as French Marketing innovator Obiz, raising 11.3 million euros in May 2021, and Swiss Astrocast, the Nanosatellite IoT Network, which listed and raised 34.7 million euros in August last year.
For more information on the TechShare pre-IPO programme, visit the website: https://www.euronext.com/en/raise-capital/tech/techshare
(* The total number of participants does not account for Norwegian companies as the final number of local participants is not yet known)