NYSE Euronext announced on May 23, 2013 the opening of EnterNext, a new subsidiary dedicated to companies that have a capitalisation of under €1 billion, which already covers over 750 SMEs (Small and Medium Enterprises) listed on the regulated market of NYSE Euronext and on NYSE Alternext.
Although it is not a new market segment, and may not be compared to the London Stock Exchange’s AIM (Alternative Investment Market) for instance, EnterNext has been designed to facilitate the financing requirements and development of European SMEs that operate regionally, nationally and internationally.
EnterNext has its own substantial resources and the full support of the NYSE Euronext group. Whilst working closely with regional economies, it has been designed to operate on a pan-European basis. Backed by its own teams and financial resources, EnterNext will build upon NYSE Euronext’s efficient market model. The new subsidiary promotes and facilitates all offers and services currently available to SMEs and its responsibilities amongst others include:
- positioning the stock exchange as a source for alternative financing;
- managing the day-to-day and grassroots relationships with issuers and listing candidates ;
- promoting SMEs to investors as an attractive asset class;
- developing a regional and national marketing strategy;
- defining and promoting new services and financing options such as the Initial Bond Offerings (IBO) first launched in the second half of 2012.
EnterNext has adopted an open governance structure, with a 15-member Board of Directors headed by a newly appointed Chairman and CEO. The remaining 14 seats will be divided equally between qualified external Directors and NYSE Euronext nominees. Candidates have been selected from the four countries in which the group operates in Europe, based on their experience and expertise with SMEs.
The appointed Chairman and CEO of Enternext is Eric Forest, current head of Oddo Corporate Finance’s Equity Capital Market business. He is also in charge of Corporate Broking activities at Oddo Corporate Finance.
France – Lancement d’Enternext, filiale de NYSE Euronext dédiée aux PME
Continue Reading France – Launch of Enternext, NYSE Euronext’s subsidiary dedicated to SMEs / Lancement d’Enternext, filiale de NYSE Euronext dédiée aux PME.