Forty-one French technology companies will be part of Euronext Tech Leaders, a market place launched this summer which should facilitate access to financing for more than 100 European companies in the sector, the Euronext group announced on Tuesday 7 June. Sometimes compared to the American Nasdaq, this new index should make it possible to increase the visibility of European technology companies among international investors and to create improved trading conditions.
These include the video game publisher Ubisoft, the payment services specialist Wordline, the IT group Atos or the 3D solutions publisher Dassault Systèmes, and the two hopefuls of French “tech”, introduced in 2021, Believe (labels music) and OVHcloud (IT infrastructure), details a press release. “We need in Europe and particularly in France a platform that is able to offer initial investors (…) and growth companies the ability to raise equity. This is true for large groups and for companies that are emerging in this sector”, explained the boss of Euronext Stéphane Boujnah during a press conference.
This initiative is, according to him, “independent” of the fall since the beginning of the year in the stock market valuation of the American tech giants.
Capitalization above 300 million euros
The selected companies operate in the traditional fields of digital, biotech and connected health, or the environment (greentech), and have a capitalization of more than 300 million euros. They must also reach a minimum growth threshold or have raised a minimum amount of funds.
At the same time, French institutional players have announced that they have mobilized funds to prepare for the next wave of IPOs of fast-growing technology start-ups. CDC Croissance, a subsidiary of Caisse des dépôts, has thus announced the launch in the 4th quarter of an investment fund endowed with 300 million euros to support the long-term listing of French “unicorns”, valued at more than one billion euros.
Bpifrance also plans to mobilize an envelope of 500 million euros to invest as soon as these companies go public.
Emmanuel Macron received a year ago at the Elysée a hundred French and European digital investors and entrepreneurs as well as a dozen European ministers, for an event entitled “Scale-Up Europe” (to make Europe grow ). He then called for taking advantage of the French presidency of the EU, which ends at the end of June, to create a unified investment market on the continent, with the objective of reaching 10 companies valued at 100 billion euros. in 2030.
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