Euronext, a leading European trading venue operator, announced today that it has collaborated with Early Metrics, a leading independent Startup ratings, valuations and analysis provider, to deploy free automated analytical reports about Small and Medium Enterprises (SMEs) in the technology sector listed on Euronext.
In an official announcement, Euronext mentioned that it is planning to support tech SME investors through a unique tool to help them understand the performance of the technology companies. The mentioned project will cover a total of 430 tech SMEs listed on the Euronext markets across Paris, Amsterdam, Brussels, Dublin, Oslo and Lisbon.
Euronext highlighted that the covered companies have a market cap of approximately €100 billion. The operator aims to expand the service in the near future. Last year, the technology sector accounted for nearly 60% of the total IPOs on Euronext.
Commenting on the latest partnership, Anthony Attia, Global Head of Primary Markets and Post Trade at Euronext, said: “This initiative is a natural step further in Euronext’s ambition to forge stronger ties between listed Tech SMEs and investors. With more than 700 Tech companies listed on its seven markets, Euronext is the leading market infrastructure in Europe for growth companies. Our partnership with Early Metrics is designed to raise Tech SMEs’ visibility and investor reach.”
Early Metrics has developed new tools to evaluate the performance of the listed technology SMEs for its latest partnership. The company is using a comprehensive set of indicators to compare the positioning of tech SMEs against groups of peers.
Early Metrics
Founded in 2014, Early Metrics has offices in London and Paris. The company has more than 50 employees. “As an emerging European rating agency of tech companies, it was natural for Early Metrics to team up with Euronext to enhance the analytical coverage of Tech SMEs across Europe. Connecting Early Metrics’ rating expertise with Euronext’s leading position on the segment will enable tech SMEs and investors to better engage with each other, contributing to the performance of the European tech ecosystem,” Antoine Baschiera, Co-Founder and CEO of Early Metrics, commented.
