Euronext - 2019 Universal Registration Document
Presentation of the Group
Description of the Business
foreign entities along with a strong Tech franchise which will further grow by leveraging off our Tech initiatives. Oslo Børs operates three equity markets, two of which are EU regulated and one OTC platform along with its wholly owned Central Securities Deposit VPS. European Tech SMEs initiative Euronext has seen considerable success in terms of expanding its international listing presence outside of its core markets having opened local offices in four European countries identified as high- potential ecosystems known as Tech Hub – in Germany, Switzerland, Italy and Spain – to assist tech companies in scaling up their business through capital markets. Euronext had identified the four target countries to set up and roll-out dedicated offers to attract tech companies on Euronext markets with the aim to become the leading exchange for European tech SMEs in continental Europe. Over the past two years alone almost 1 in 5 of every new listing was through Tech Hub. With 421 listed Tech SME firms representing a total market capitalisation of over €49 billion, Euronext is already the leading listing venue in continental Europe for technology stocks. With the expertise of operatingmarkets in six European countries – in Belgium, France, Ireland, the Netherlands, Portugal, and Norway, Euronext believes that it can propose its services to new innovative SMEs in the four target countries. In order to build networks of partners and attract the best tech companies in Germany, Switzerland, Italy and Spain, Euronext has set up a salesforce of experienced FTEs on the ground to sell its unique value proposition for the tech sector. Since the opening of the offices, Euronext welcomed on its markets 18 new companies from this particular operation. Euronext’s pre-IPO education program TechShare is dedicated to European tech SMEs to support its commercial effort. Private tech SMEs can join the pre-IPO program from Euronext which was launched in 2015 and is now active in 9 countries. TechShare has most recently attracted almost 60 participating companies from Germany, Switzerland, Italy and Spain further increasing our footprint across Europe (see above). Corporate Services Euronext Corporate Services is a fully-owned subsidiary of the Euronext group launched in 2016 with the ambition to help listed companies to make the most effective use of capital markets and support organisations with innovative solutions and tailor-made advisory services in Governance (iBabs), Compliance (InsiderLog), Communication (Company Webcast), Investor Relations (Advisory and IR Solutions). Euronext Corporate Services already serves more than 2,500 clients in over 15 countries, of which are 600 listed companies. When it comes to listed companies, Euronext Corporate Services helps themmake the most effective use of capital markets, from blue-chip large caps to SMEs, located across all Euronext markets and beyond (Sweden, UK, Germany, Italy, etc.). Euronext Corporate Services offers a unique and comprehensive value proposition articulated around four main pillars: i. Investor Relations: n tailor-made advisory, market intelligence and decision making analytics for listed companies,
n complete and intuitive investor relationship management and targeting platform, n flexible and customized market data components for investor relations websites of listed companies; ii. Communication: Comprehensive range of webcast, webinar and conference call services for all types corporate events (investor relations, internal communication, marketing, training, etc.); iii. Governance: Digital board portal solution help organisations secure their board meetings and streamline their decision- making processes; iv. Compliance: Innovative solution to automate the management of insider lists in a way that both saves time and ensures compliance with the requirements of the Market Abuse Regulation. This offering has been built through a combination of organic developments and acquisitions. To achieve its ambition, Euronext has acquired four companies providing innovative solutions for corporates: n Company Webcast (51% stake at the time of acquisition), a Dutch leading company specialized in professional webcast and webinar services; n IR.Manager (100% stake acquisition), a London-based provider of investor relations workflow and targeting tools; n iBabs (now renamed Skope) (60% stake at the time of acquisition), a Dutch leading provider of dematerialized and secured board portal solutions for corporate and public organizations; n InsiderLog (80% stake acquisition), a Swedish leading provider of an insider list management solution, in compliance with the Market Abuse Regulation. 1.3.4.1 Cash, Derivatives and Spot FX Markets − Products and Services (1) Euronext provides multiple marketplaces for investors, broker- dealers and other market participants to meet directly to buy and sell cash equities, fixed income securities and ETPs. One of the primary functions of the Group’s markets is to ensure that orders to purchase and sell securities are executed in a reliable, orderly, liquid and efficient manner. Order execution occurs through a variety of means and Euronext seeks to continue to develop additional and more efficient trading processes. Equities The Company is the market leader in cash equity trading in its six home markets of Belgium, France, Ireland, the Netherlands, Portugal and Norway. Over 2019, Euronext market share on cash equity trading averaged 68.8% and the Company had a strong blue chip issuer presence, with twenty-five issuers included in the Euro STOXX 50 stock index and 146 issuers listed on the Euro Cash Trading 1.3.4 CASH, DERIVATIVES AND SPOT FX MARKETS
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(1) Historical figures have been restated to include Oslo Børs VPS.
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2019 UNIVERSAL REGISTRATION DOCUMENT
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