Euronext launches sixth edition of pre-IPO program TechShare
Euronext today launched the sixth edition of TechShare, a pre-IPO program for European Tech companies, will see participants join from ten countries across Europe.
The emphasis this year is on biotech, health tech and e-commerce. This year’s edition includes 119 Tech companies participating in the first half of 2021. This number is expected to grow as participants join the IPOready program in Dublin and Oslo which will start later in 2021.
TechShare participants have a mature corporate profile and the participating companies generate on average annual revenues of about €16 million and employ around 70 people. Two-thirds of the companies are backed by private equity investors and have raised an average €15 million in capital before joining the program.
The TechShare programme was launched in 2015 with 30 companies from France, Belgium, the Netherlands and Portugal participating in the first truly pre-IPO oriented program in the capital markets sphere. It has steadily extended its reach across Europe over the years. Having welcomed companies from Germany, Italy, Spain, Switzerland and IPOready companies from Ireland in 2019, this year participants from Norway are invited to join.
Given the current health circumstances, instead of convening at one centralised kickoff event, the 119 Tech companies will this year join local events scheduled between 19 January and 4 February 2021, giving participants and partners the possibility to become better acquainted.
The six-month training program, from January to June 2021, is structured around several main complementary modules, with graduation from the program scheduled for July 2021. There will be four workshop sessions in each country with expert partners covering the IPO process, the legal perspective, IPO valuation, equity story, financial communication, corporate governance and post-listing life.
Companies will also have extensive individual coaching with audit firms, lawyers, communications specialists and investor relations specialists providing customised advice on a more bilateral basis.
Over the course of the program, top executives from companies in the life sciences, cleantech and TMT industries across Europe will lead the expert sessions and group workshops. They will cover topics such as the entrepreneurial mindset, leading growth, scaling beyond borders, attracting talents and managing ownership. In total 76 expert partners from the financial ecosystem in Europe will contribute to the program.