Euronext welcomes NN Group to Amsterdam exchange

Back

Largest Initial Public Offering in continental Europe since 2011

Amsterdam – 2 July 2014 – Shares in international insurance and investment management company NN Group N.V. today began trading on the Amsterdam market of Euronext, after its successful Initial Public Offering (IPO). With a total offering valued at €1.54 billion NN Group is the largest IPO in continental Europe since 2011.

NN Group is a leading Dutch insurer with a strong European insurance and investment management footprint and an attractive Japanese business, including its main business lines Nationale-Nederlanden, ING Insurance Europe, ING Investment Management and ING Life Japan.

After opening, the first market price was € 21 per share. The total market capitalization of the company at opening was €7.35 billion.

Lard Friese, CEO of NN Group, said: “Listing on Euronext Amsterdam marks an important milestone for NN. After 23 years we’re back on the stock exchange of Amsterdam. We are excited to start this new phase and we believe our listing on Euronext Amsterdam will further raise NN’s profile. The focus we will have as a standalone company helps us in our dedication to provide our clients with an excellent experience and to deliver on our company´s business objectives.”

“This is an exciting day for NN Group and we congratulate them on their successful listing“ Cees Vermaas, CEO of Euronext Amsterdam said: “Euronext’s role as a capital raising centre for companies, large, mid and small, is fundamental for the Dutch economy, providing opportunities for growth and ultimately creating jobs. NN Group’s listing today is another example of how Euronext is providing solutions for companies and helping to finance the real economy.

We are pleased to welcome NN Group, the largest IPO in continental Europe since 2011, to our market and welook forward to a beneficial and lasting partnership to support the company and its shareholders with the highest levels of service, liquidity and market quality” added Anne Louise Metz, Head of Listings for Euronext Amsterdam. “So far, it has been a successful year for listings in Amsterdam. In total €22 billion additional market cap was added through new listings and the second half of the year also looks promising.”

Lard Friese celebrated the company’s listing by sounding the opening gong which denotes the opening of trading on Euronext. He was joined by the Management Board of NN Group, Ralph Hamers, CEO of ING Group and Cees Vermaas, CEO of Euronext Amsterdam.

NN GROUP profile
NN Group is an insurance and investment management company with a strong, predominantly European presence in more than 18 countries. With over 12,000 employees the group offers retirement services, insurance, investments and banking to more than 15 million customers. NN Group includes Nationale-Nederlanden, ING Insurance Europe, ING Investment Management and ING Life Japan and is listed on Euronext Amsterdam. www.nn-group.com

 

Press Release Footer

About Euronext 
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With nearly 1,900 listed issuers and around €6.6 trillion in market capitalisation as of end December 2023, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.  
For the latest news, follow us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).

Disclaimer
This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.

This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at www.euronext.com/terms-use.

© 2024, Euronext N.V. - All rights reserved.