European SME venue plans mid-2013 launch
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A venue for European small- and medium-sized (SME) listings is expected to launch before June next year, following amendments to an initial proposal following a public consultation.
The pan-European venue, titled Entrepreneurial Exchange and
run by market operator NYSE Euronext, is designed to facilitate capital raising by smaller companies away from venues dominated by
blue-chip listings.
The venue would operate according to NYSE Euronext’s
federated model in all countries the exchange operator has a market, which comprises France, Belgium, the Netherlands and Portugal.
The proposals put forward by the committee would
bring together companies currently listed on segments B and C of NYSE
Euronext’s main platform and its Alternext platform, which currently serves
SMEs. Altering primary national indices would be avoided by listing companies
on both NYSE Euronext and Entrepreneurial Exchange.
The conclusions of the consultation period called for an
official decision to proceed to be made before the end of the year, with a
provisional opening date for the exchange before summer 2013.
“We are very pleased to have been the originator of the SPC and we will now take the time needed to analyze the report and propose suitable solutions working with all the actors of our financial market places. Our aim is to communicate our
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