Its new initiative designed to meet the financing needs of small and medium-sized companies
Amsterdam – 3 July 2013 – Today NYSE Euronext (NYX) launches EnterNextTM, its initiative for small and medium-sized companies in the Netherlands. EnterNextTM was developed to provide financing solutions which are geared to the financing needs of local SMEs that are active regionally, nationally and internationally. EnterNextTM will make every effort to offer companies optimal visibility and access to investors, and to get businesses to use the stock exchange more once listed. It will, in addition, work with the various stakeholders to play an active role in making the capital market as attractive as possible.
EnterNextTM, a new subsidiary of NYSE Euronext, focuses on companies which are listed on its European market and which have a market capitalisation of less than €1 billion. For the Dutch market it concerns 77 listed companies with a joint market capitalisation of €19.5 billion. EnterNextTM already covers over 750 companies listed on the regulated markets of NYSE Euronext and NYSE Alternext.
Eric Forest, CEO of EnterNextTM, said that “EnterNextTM is a pan-European initiative with substantial means of its own at its disposal that enjoys the support of NYSE Euronext, market parties and other stakeholders. As a result EnterNextTM can offer the right solutions and make an important and crucial contribution to the Dutch business community and economy.”
“The Dutch business community, both listed and unlisted, needs extra help and assistance to meet its financing needs,” added Cees Vermaas, Chairman and CEO of NYSE Euronext Amsterdam. “In our capacity as the hub of the capital market, we are happy to take the initiative via EnterNextTM, but we also ask the other concerned parties, such as government, regulators and market parties, to take responsibility and participate directly. We need to work together to help small and medium-sized companies grow.”
With the support of its own teams and finances, and building on the NYSE Euronext’s efficient market infrastructure, EnterNextTM promotes, coordinates and expands the entire range and service package that is available to small and medium-sized companies. In the Netherlands it will focus on:
o Defining and promoting new services and financing possibilities, such as the SME Bond.
o Actively seeking out companies in the region and acquainting them with the exchange as an alternative source of financing
o Building and maintaining daily relations with local issuers and candidates for public offerings
o Promoting small and medium-sized businesses to investors as an attractive asset class
o Developing a national marketing strategy
Representing the Netherlands in the Managing Board of EnterNextTM, which is chaired by Eric Forest, are Cees Vermaas, Chairman and CEO of NYSE Euronext Amsterdam and Chris van Schuppen, Managing Director, Head of Equity Capital Markets and Corporate Broking ABN AMRO.
During the EnterNextTM launch meeting that is being held today at Beursplein 5, Dominque Cerutti, President and deputy CEO of NYSE Euronext, and Eric Forest will introduce EnterNext TM to the Dutch market and other interested parties. Cees Vermaas will discuss factors specific to the Dutch market, followed by a panel discussion on financing small and medium-sized companies with key stakeholders.