By Huw Jones
LONDON (Reuters) – Euronext set out on Tuesday a new technology leaders segment to help tech and growth companies develop a pan-European profile for asset managers and other investors.
Euronext said its top growth and tech company listings such as ASML, Just Eat Takeaway.com, Tom Tom and Ubisoft now form a new segment which can be tracked by a new index from July.
They must have a minimum 300 million euros ($320.67 million)in market capitalisation and a minimum growth rate to be included, with no performance criteria for those with a market capitalisation of more than 1 billion euros.
Euronext said the new segment will also offer pre-listing services to help privately-held high growth companies float by offering advisory services and executive training.
Europe has long sought to foster ‘home grown’ tech giants to compete with Nasdaq, often the favoured exchange for global tech listings.
“We do not compete with Nasdaq,” Stephane Boujnah, Euronext’s chief executive, told reporters. “What we are trying to develop here is a fundamentally different approach.”
The aim is to…
