Euronext for the second consecutive year has claimed its place as the top in the issuance of equity securities listing within the given region while also able to retain its headship of debt listing across all borders in the course of this year.
Furthermore, the bourse received a total of 53 new equity listings, which is about one-third of all the activities within the European equity market…and they were able to secure or raise about 3.9 billion euros, approximately a 55% increase from 2023 figures, for an aggregated market capitalization of €27 billion. Furthermore, Euronext also managed to list approximately 14 thousand and 700 bonds.
Stéphane Boujnah, CEO and Chairman of the Managing Board of Euronext, commented: “In 2024, Euronext has once again been the leading listing venue in Europe. Our single liquidity pool, central order book and single trading platform have empowered European and international companies to meet their funding needs and their growth ambitions. Our undisputed leadership allows us to develop new services and products for issuers, brokers and investors, to grow globally and strengthen our position as the reference listing venue for European and international companies, with a specific focus on technology companies. In 2025, our franchise will be even stronger and will attract more and more companies to list on the most liquid market in Europe.”
CVC Capital Partners among Euronext listings
Notably, Euronext welcomed UK-based CVC Capital Partners, the largest company to go public this year in Europe in terms of market capitalization at listing.
CVC Capital Partners is very active within the fintech industry, having recently set up a consortium of investors to acquire Hargreaves Lansdown, the renowned UK investment firm, for a takeover offer equivalent to £5.4 billion. Abu Dhabi’s sovereign wealth fund and private equity investor Nordic Capital are also part of the CVC consortium.
Also, in July, it was reported that CVC had put OANDA up for sale, with bankers at Nomura and Santander marketing the online retail trading platform and online FX pioneer founded in 1995. CVC acquired OANDA in 2018. The provider of FX, equities, commodities, and crypto trading services with more than 100,000 active traders was expected to record revenues of approximately $175 million (£138 million) this year.
International equity listings on the rise
Besides CVC Capital Partners, other notable names in Euronext listings this year were Exosens, Havas, Paratus Energy Services, Planisware, Louis Hachette Group, and Greece-based Theon International. Additionally, more than 200 issuers raised over €15 billion through follow-on transactions.
Euronext welcomed 11 new international companies in 2024, representing 50% of international equity listings across Europe and 20% of new listings on Euronext. Euronext has already held seven international IPO days with workshops in the Czech Republic, Greece, Lithuania, Poland, Switzerland and Singapore. Euronext also established a new international listing team this year, based in London, to grow its global listing franchise further.
Technology companies accounted for nearly 40% of new listings in 2024 and raised more than twice the amount of capital than in 2023. European unicorns Exosens, Planisware, Pluxee, Theon International and Younited Group, were among the new listed firms.
Euronext promoting opportunities in Portugal
Euronext hosted the Portugal Capital Markets Day in June, an initiative dedicated to highlighting the wealth of opportunities available within the Portuguese economy, with a particular focus on the capital markets.
Hosted by Euronext, the event seeks to enhance market visibility for Portuguese companies in the global capital markets and provides a platform for meaningful interactions between investors, corporates, financial experts, regulators, and government officials, stimulating networking and collaboration.
The report “Structural Trends Shaping Portugal’s Economy and Growth,” produced by the Centre for Applied Research (CEA) of the Universidade Católica Portuguesa at the request of Euronext and AEM, highlights several key developments in Portugal’s economic landscape. The report identifies five key economic sectors. healthcare, energy, real estate and tourism, agriculture and forestry, and infrastructure.
