Latest news with #EuropeanCommonProspectus
Yahoo
4 days ago
- Business
- Yahoo
SEMCO Technologies surges in market debut as latest French tech IPO
By Gianluca Lo Nostro and Jerome Terroy (Reuters) -Shares of SEMCO Technologies surged 41% in their Paris trading debut on Wednesday, as the French chipmaking equipment supplier became the second technology company to be listed in the French capital this year. The Montpellier-based company raised 45 million euros ($48.5 million) through its initial public offering (IPO) on Paris' junior exchange Euronext Growth, giving it a market value of 154 million euros at the listing price of 15 euros per share. SEMCO follows artificial intelligence startup LightOn, which became Europe's first listed generative AI company when it debuted in Paris in November, and consumer credit firm Younited Financial, which completed the first French IPO of 2025 in January. Investor appetite for European technology companies remains strong, particularly those serving the booming semiconductor industry driven by demand for AI-enabling technologies. SEMCO makes electrostatic chucks, or "eChucks" — arms that handle silicon wafers during production. These devices use electrical charges to grip the thin silicon discs without physical clamps. The IPO was heavily oversubscribed, with institutional investors bidding 5.5 times the available shares and retail investors oversubscribing by more than 7 times. SEMCO plans to use the proceeds to expand its manufacturing capacity, invest in new technology and strengthen its international presence, CEO Laurent Pelissier said in a statement. It targets revenue of about 33 million euros in 2025 and more than 55 million euros by 2028, with a profit margin exceeding 40%. The listing came at a time when Euronext is seeking to boost European IPO activity through initiatives like the European Common Prospectus, launched in April to streamline cross-border listings. SEMCO is a subsidiary of Grenoble-based ECM Group. ($1 = 0.9278 euros) Sign in to access your portfolio
Yahoo
01-07-2025
- Business
- Yahoo
Euronext in talks to buy Athens Stock Exchange for $470 million
(Reuters) -Euronext is in talks to buy up to 100% of the Athens Stock Exchange in a 399 million euro ($470 million) all-share deal that would be the latest for a group that already operates stock markets in countries including France and the Netherlands. Euronext said on Tuesday it planned to offer one new share for every 21 shares held by investors in the Athens Stock Exchange (ATHEX), valuing ATHEX stock at 6.90 euros a piece. ATHEX shares closed on Tuesday at 6.03 euros. The Greek Finance Ministry welcomed the offer and said in a statement it views a possible agreement "very positively". "A possible acquisition of the Athens Stock Exchange by Euronext constitutes a practical vote of confidence in the stability and positive course of the Greek economy," it added. A combination with the Greek company would align with Euronext's ambition to consolidate European capital markets as it sees fragmentation as one of the reasons behind a competitiveness gap with U.S. markets. Since the start of the year, Euronext has launched a European Common Prospectus and partnered with Deutsche Boerse to try to counter a flight of some European initial public offerings to U.S. markets. ($1 = 0.8490 euros)
Reuters
14-05-2025
- Business
- Reuters
Euronext sales hit record on back of 'exceptional market volatility'
May 14 (Reuters) - Euronext's ( opens new tab revenues hit record levels in the first quarter on the back of "exceptional market volatility", the European stock exchange operator said on Wednesday, and its core profit was stronger than analysts expected. The group, which operates exchanges in Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris, has benefited from disruptions caused by U.S. President Donald Trump's tariffs, which led to financial market turmoil. CEO Stephane Boujnah said the strong first quarter was a positive signal in terms of efforts to create "a stronger, more innovative and more competitive European capital market." Last month, Boujnah said there were flows of money leaving the U.S. to be re-invested in Europe due to the trade uncertainties. The Paris-listed group reported a 17% year-on-year increase in adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) to 294.1 million euros ($329.92 million) for the quarter ended March 31, helped by record fixed-income trading, it said. That was above the 284 million euros analysts had expected on average in a consensus provided by the company. The company's revenues rose by 14.1% to 458.5 million euros in the same period, beating a consensus forecast of 448.3 million. KBC Securities said in a note on Tuesday: "We expect the erratic nature of Trump's policies to continue causing elevated volumes going forward." Euronext said that its European Common Prospectus would address the need to boost initial public offerings (IPOs) in Europe ahead of proposed new listing rules, which it expects will come into effect in June 2026. Stock exchange operators, including Euronext and its European peers Deutsche Boerse ( opens new tab and the London Stock Exchange (LSEG.L), opens new tab, have struggled to attract many new listings as more companies stayed private and the booming U.S. stock market attracted the biggest names. Euronext recorded eight new IPOs between January and April, down from 13 in the same period of 2024. The company is now planning to reissue a paper challenging the belief that U.S.-listed firms attract higher valuations than their European peers, its spokesperson told Reuters, while launching initiatives to encourage investment in the region's defence industry. ($1 = 0.8914 euros)
Zawya
25-04-2025
- Business
- Zawya
Euronext launches European Common Prospectus to boost IPO market in EU
Euronext said on Friday it launched the European Common Prospectus (ECP) in a bid to speed up capital market integration and boost initial public offerings in the European Union. The Dutch-based parent company of pan-European exchange group hopes that standardised prospectus will help ease access to European capital markets, as it sees "clear and immediate need to boost IPO activity in Europe and to compete on a global level". "Europe cannot afford to wait. Action is required at the level of European policy-makers and regulators ... As global markets evolve rapidly, Europe must ensure its companies have efficient tools to access capital," said Euronext's CEO and Chairman Stéphane Boujnah. The initiative accompanies wider plans to reduce regulatory fragmentation across European bourses, as European Commission officials consider a new set of listing rules under the Listing Act, to bring closer the capital market union that would improve access to market-based sources of financing. The full implementation of the act is expected to occur from June 2026. Euronext said that the new prospectus is available for immediate use in all countries with Euronext exchanges.
Reuters
25-04-2025
- Business
- Reuters
Euronext launches European Common Prospectus to boost IPO market in EU
April 25 (Reuters) - Euronext ( opens new tab said on Friday it launched the European Common Prospectus (ECP) in a bid to speed up capital market integration and boost initial public offerings in the European Union. The Dutch-based parent company of pan-European exchange group hopes that standardised prospectus will help ease access to European capital markets, as it sees "clear and immediate need to boost IPO activity in Europe and to compete on a global level". "Europe cannot afford to wait. Action is required at the level of European policy-makers and regulators ... As global markets evolve rapidly, Europe must ensure its companies have efficient tools to access capital," said Euronext's CEO and Chairman Stéphane Boujnah. The initiative accompanies wider plans to reduce regulatory fragmentation across European bourses, as European Commission officials consider a new set of listing rules under the Listing Act, to bring closer the capital market union that would improve access to market-based sources of financing. The full implementation of the act is expected to occur from June 2026.
