List Your Company - Enterprise Securities Market (ESM)

WHAT Euronext Growth COMPANIES are SAYing

"We are delighted to celebrate the successful IPO of Yew Grove REIT plc on the Enterprise Securities Market. Our listing on Euronext Dublin gives us a pan European platform to access capital from a deep pool of international investors both on IPO and in the future.”

barry O'Dowd, Non-Executive Chairman, yew grove reit plc

"The admission to trading of SCISYS on Euronext is the final step in our Brexit contingency planning to ensure that our business can continue our long-standing participation in both the UK and European markets. By complementing our UK listing with a European one on Euronext we will also have continued access to sterling and euro pools of capital in a post Brexit environment"

Klaus Heidrichceo, Scisys Group plc

Is Euronext Growth right for my company?

A Euronext Growth company needs to have a minimum market capitalisation of €5m. Unlike the regulated market (Euronext Dublin), a three year trading record is not required and no minimum level of shares must be made available to the public.

Benefits of Euronext Growth for your company

  • a market tailored for growth companies
  • euro quotation – attractive to Eurozone investors
  • a liquid market for your shares
  • dual admission to other markets enabling a flexible investor strategy
  • enhanced profile with stakeholders
  • ability to fund growth organically and by acquisition

Preparing for admission to Euronext Growth

You are likely to require additional skills, resources and investment in systems to take your company to the market. Pre-admission work is vital and will ensure that your company and your directors are ready to meet market requirements and investor expectations.

Your pre-admission checklist

  • a compelling, robust business plan
  • clear and transparent legal and taxation structures
  • strong management team
  • appropriate board structure and board members
  • well-developed internal control and financial reporting systems
  • a tailored investor relations strategy
  • potential advisors met and identified

The admission process

An admission document is prepared prior to admission to Euronext Growth. Your advisor oversees its preparation and it is published and filed with us.

What is an admission document?

Your admission document provides information for investors on your company's story - how your company has developed and what your plans for the future are. Key areas would include your business strategy, history, financial statements, directors and management.

How long does it take?

If you have prepared well, the admission process takes about 6 months and includes:

  • preparation of the company and its directors for transition to quoted company status
  • due diligence by lawyers and accountants, including preparation of documents for admission
  • marketing of the shares by the company and its Euronext Growth advisor and broker
  • completion of the issue, receipt of monies, and commencement of trading in the shares

An indicative admission timetable

WhenKey Tasks
3 - 6 months to IPO
  • Appoint and instruct advisors
  • Agree timetable
  • Commence due diligence process (legal and financial)
  • Commence drafting of the admission document
  • Establish share option scheme (if applicable)
1 - 3 months to IPO
  • Commence legal and financial due diligence reports
  • Complete drafting of the admission document
  • Develop and refine your company's story
  • Draft analyst research report
  • Prepare investor presentations for roadshow
1 month to IPO
  • Commence roadshow and bookbuild for the shares
1 week to IPO
  • Submit formal application for admission to Euronext Growth
  • Finalise share pricing and allocation of shares
IPO date
  • Shares admitted to trading on Euronext Growth

Role of advisors

Advisors are key to your successful admission process.

AdvisorRole
Euronext Growth AdvisorAssists in co-ordinating and guiding you through the admission process. Your advisor also assists in preparing your admission document. A company must appoint an Euronext Growth advisor prior to admission and retain one while quoted on Euronext Growth. Advisors are vetted by us and included on our Euronext Growth Advisor Directory(59 KB)
BrokerPrepares for investor roadshow, sources investors for the IPO and manages marketing, distribution, allocation and pricing of the shares. Your Euronext Growth advisor and broker are often the same firm
Legal

Completes all legal aspects of the admission including legal due diligence, drafting and verification of the admission document

AccountantsCompletes all financial and taxation aspects of the admission including financial due diligence, working capital requirements and drafting of the financial sections of your admission document
RegistrarRecords share transactions and shareholder register(s)
PRDevelops PR strategy to include media and investor relations both before and after your admission to Euronext Growth

Life on Euronext Growth


You will want your company to achieve a share price that reflects your company's value, complies with Euronext Growth Rules and meets the expectations of investors. Life on Euronext Growth involves:

Disclosing information to the marketPublishing annual and half yearly results, trading updates and price sensitive information
Managing investor relationsKey executives committed to providing timely, effective communication with shareholders and potential investors
Monitoring investor trendsUtilising your share register to promote your business and attract investors
Meeting corporate governance standards

Adhering to expected corporate governance standards

Restricting share dealingsRestricting all directors and some employees from trading your shares at certain times

Euronext Growth Fees

Rules and forms for Euronext Growth companies

List of Euronext Growth companies

Need more INFORMATION?

CONTACT US

Orla O'Gorman, Head of Equity Listing Ireland, Euronext Dublin

Orla O'Gorman

+353 1 6175130

oogorman@euronext.com