Euronext, the leading pan-European market infrastructure, announced the launch of the 2023 edition of its successful pre-IPO programmes TechShare and IPOready. These educational programmes support European companies considering a listing on Euronext in the coming years.

This year 140+ companies from 16 European countries will take part in TechShare and IPOready, making this the largest and most diverse cohort of companies ever. Countries represented are Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, France, Germany, Ireland, Italy, the Netherlands, Norway, Poland, Portugal, Spain and United Kingdom. This confirms Euronext’s position as the listing venue of choice for Tech companies in Europe.

The vast majority of companies participating in TechShare and IPOready operate in the Tech sector: general tech (71%), healthtech (15%), cleantech (9%), traditional business (5%). Participants have a mature corporate profile, generating annual revenues of approximately €29 million on average and employing 20,000+ people. Participants raised €26 million on average since their inception. The majority of participant companies are currently backed by private equity or venture capital funds.

The leading equity listing venue in Europe and the venue of choice for Tech companies

With over 1,900 companies listed on its markets worth €6.3 trillion in aggregated market capitalisation, of which over 1,500 are SMEs, Euronext is today by far the largest stock market operator in Europe in terms of aggregated market capitalisation.

Over 750 Tech companies are listed on Euronext representing €1.1 trillion in aggregated market capitalisation. In 2022, Euronext welcomed 83 new equity listings – half of which were carried out by Tech companies – representing an aggregated market capitalisation at listing of €23 billion, and raising €3.8 billion.

More than 680 alumni have participated in the eight editions of Euronext’s TechShare pre-IPO educational programme. Of the 21 alumni in total that have since listed their company, three listed on Euronext markets in 2022:

- Civitanavi Systems (€34 million raised – February 2022).
- Yolo Group (€10 million raised – August 2022).
- E-Novia (€15 million raised – December 2022).

Pre-IPO programmes are part of Euronext’s commitment to support the European Tech Sector. In 2022, Euronext launched Euronext Tech Leaders, dedicated to highlighting the visibility and attractiveness of high-growth and leading Tech companies.

Stéphane Boujnah, CEO and Chairman of the Managing Board of Euronext N.V., said: “We welcome these 140+ new ambitious European participants to the largest and most diverse edition of TechShare and IPOready ever. Companies have a unique opportunity to familiarise themselves with the IPO process well in advance of a potential listing on Euronext. Beyond the benefit of preparing for a potential IPO from a practical perspective, taking part in Euronext’s pre-IPO programmes provides membership of a strong network of entrepreneurs that Euronext will continue to support in their growth journey over the years.”

Six-month training

At the end of January 2023, the 140+ participants will start their journey learning about the roadmap towards an IPO through a six-month training programme structured around several main complementary modules. There will be workshop sessions in each country with expert partners covering the IPO process, the legal perspective, IPO valuation, equity story, financial communication, corporate governance and post-listing requirements. Companies will also benefit from extensive individual coaching sessions with audit firms, lawyers, communication specialists and investor relations specialists providing customised advice.

Over the course of the training programme, top executives from European companies in the life sciences, cleantech and TMT industries will lead the expert sessions and group workshops. They will cover topics such as the entrepreneurial mindset, leading growth, scaling beyond borders, attracting talents and managing ownership. In total, more than 80 expert partners from the financial ecosystem in Europe will contribute to the training sessions.