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Euronext · Europe

Euronext

Listing requirements, segments and the practical points that matter for a company from the CIS, Central Asia or the Gulf.

Data checked: 6 November 2026
Location
Paris / Amsterdam, Pan-European (France, Netherlands, Belgium, Italy, Ireland, Norway, Portugal)
Regulator
National regulators: AMF (France), AFM (Netherlands), FSMA (Belgium), CONSOB (Italy), Central Bank of Ireland, Finanstilsynet (Norway), CMVM (Portugal)
Trading currency
EUR
Indicative timeline
Not specified

Listing segments

Euronext (regulated market)

Minimum market capitalisation
Not specified
Minimum free float
25%
Track record
3 years
Profit required
No
Minimum shareholders
Not specified
Lock-up
Not specified

Euronext Rule Book I, Rule 6702/1: at least 25% of subscribed capital in public hands, or a lower percentage at Euronext's discretion given the large number of shares and wide distribution, not lower than 5% and representing at least EUR 5m (approx. USD 5.5m) at the offer price; audited annual financial statements for the preceding 3 financial years (interim statements if the year closed more than 9 months before admission). No market cap minimum in the Rule Book for shares; no profit test. Under the EU Listing Act, Euronext may apply a reduced 10% free float pending national transposition. Prospectus required (EU threshold EUR 12m from 5 June 2026). Lock-up is market practice only.

Euronext Growth (MTF, SME growth market)

Minimum market capitalisation
Not specified
Minimum free float
Not specified
Track record
2 years
Profit required
No
Minimum shareholders
Not specified
Lock-up
Not specified

Euronext Growth Rule Book I: audited annual financial statements or pro forma accounts for the 2 financial years before admission (rule 3.1.13); first admission via public offer or private placement must make at least EUR 2.5m (approx. USD 2.7m) available to trading (rule 3.2.1); a Listing Sponsor is required at admission and on an ongoing basis. IFRS not mandatory (local GAAP allowed). Information document being aligned with the EU Growth Prospectus.

Foreign issuers

Open to EU and non-EU issuers across all Euronext venues. Non-EU issuers need a prospectus approved by the competent home-member-state authority; English is accepted as the conventional disclosure language under the Listing Act.

Recent changes

Key EU Listing Act provisions entered into application on 5 June 2026: prospectus exemption threshold EUR 12m, English as conventional language, standardised prospectus formats. Reduction of the minimum free float from 25% to 10% requires national transposition; pending it Euronext may apply 10%. On 23 June 2026 Euronext introduced a new admission framework: IPO, Growth and Follow-on prospectus templates, MyEuronext digital platform, earlier structured engagement, and a shorter information document for Euronext Growth and Access.

Strengths

  • Companies seeking EU passporting and access to a pan-European investor base
  • SMEs and growth companies via Euronext Growth with 2 years of accounts and EUR 2.5m minimum float
  • Issuers wanting a lower free float under the Listing Act (down to 10%)

Watch-outs

  • Rules and supervision vary by country of the Euronext venue
  • Regulated market needs 3 years of audited accounts and an approved prospectus
  • 10% free float depends on national transposition of the Listing Act

Sources

  1. 01Euronext Rule Book, Book I: Harmonised Rules (Rule 6702/1)primary source
  2. 02Euronext Growth Markets Rule Book, Book I (2024)primary source
  3. 03Euronext press release - Euronext welcomes the entry into application of the Listing Act (5 June 2026)primary source
  4. 04Euronext - Euronext introduces a new admission framework (23 June 2026)primary source
  5. 05Euronext - Differences between Euronext, Euronext Growth and Euronext Access (2024)primary source

Requirements change. Always confirm with the exchange and the regulator before making decisions.

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Information on this site is educational. It is not investment advice, an offer of securities or financial advice. Exchange requirements change; always check the primary sources. Full disclaimer