Choosing your Market

Identifying the best market for your company’s size and ambitions.

When listing on Euronext, companies can choose their market as well as their point of entry: Belgium, France, Ireland, Portugal or The Netherlands. The regulator is either that of the company's country of incorporation if the company is registered in Europe; or the one of the jurisdiction selected.

Euronext markets

*Multilateral Trading Facility (MTF):  financial trading venue dedicated to SMEs with lighter requirements.

Euronext : number of issuers as of January 2020, average data over 5Y (2014-2019) excluding merger operations

Euronext® Amsterdam, Brussels, Dublin, Lisbon and Paris

For large established companies

Euronext is an EU regulated market for highly structured companies that have the resources to meet the requirements of the most demanding and largest investors from across the globe. It has three segments according to companies' market capitalisation:

• compartment A over €1bn
• compartment B €150m to €1bn
• compartment C less than €150m

Listing on Euronext is recommended for larger, established companies with substantial financing depth.

• Eligibility: high level of listing requirements
• Liquidity: one of the most liquid markets in Europe, highly visible to investors

Euronext Growth® Brussels, Dublin, Lisbon and Paris

For high-growth SMEs

Euronext Growth is suited to small- and mid- sized companies (SMEs) that want to raise funds to finance growth. Listing requirements are simplified and reporting requirements are lighter than for the regulated market. Euronext Growth is open to both professional and individual investors. Although a controlled market, it is not regulated as defined by EU directives and thus offers an alternative route for organisations that are at earlier stages of development.

• Eligibility: medium level of listing requirements

• Liquidity: a large community of long-term investors focusing on SMEs only, including both institutional and retail investors, is active on this segment

Euronext Access® Brussels, Lisbon and Paris

The first step for start-ups and SMEs

Euronext Access markets are designed especially for start-ups and SMEs that wish to join a stock exchange to finance growth and gain the reputational advantages of listing, but do not meet the criteria for admission to Euronext’s regulated markets or Euronext Growth. As Euronext Access markets are not regulated under the EU Directive, the admission criteria are much simpler and less extensive. Except for an IPO, an EU prospectus is not required. Once companies are big enough, they are encouraged to consider transferring to Euronext Access+ or Euronext Growth, and later to the Euronext regulated market.

• Eligibility: low level of listing requirements

• Liquidity: fewer active investors than on larger markets such as Euronext Growth and Euronext

Euronext Access+® 

A springboard to listing for start-ups and fast-growing SMEs

Euronext Access+ is a special compartment of Euronext Access that is tailored to the needs of start-ups and fast-growing SMEs. Euronext Access+ acts as a springboard to other Euronext markets, helping companies transition smoothly and adapt to market practices. Euronext Access+ has its own listing criteria, and companies admitted to trading on this market enjoy special assistance and greater visibility.

Eligibility criteria

Ongoing obligations

A partial list of ongoing obligations for listed companies

F.A.Q.

We have compiled this FAQ to answer common queries from our issuer and intermediary community.