Euronext launches IPOgo to speed up SME listings

The new solution targets companies seeking to list on the Euronext Growth market and forms part of the European Union’s strategy to strengthen the Savings and Investments Union, aiming to channel more private capital into the real economy.

Simplified listing process
IPOgo leverages changes introduced under the new EU regulatory framework, the EU Listing Act, and offers a simplified documentation process based on the EU Growth Prospectus standard. At the same time, the listing process has been largely digitized through Euronext’s proprietary digital distribution infrastructure, significantly reducing the time required to complete an initial public offering.

According to Euronext, the new platform can make IPOs up to twice as fast compared with traditional procedures, while also reducing costs and administrative burdens for companies.

Euronext Growth as a “nursery” for expansion
The Euronext Growth market currently hosts more than 550 listed companies across Europe, with a combined market capitalization of approximately €40 billion. The market ecosystem is supported by more than 600 institutional investors from 29 countries, providing access to both local and international capital.

At the same time, Euronext Growth serves as an intermediate step for companies that later seek to transfer to the group’s main regulated markets. Since 2018, around 70 companies have transitioned from Euronext Growth to Euronext’s primary markets.

Following the implementation of the new European regulatory framework, companies that remain listed on Euronext Growth for at least 18 months may qualify for admission to a regulated market via a simplified prospectus.

Increased participation of retail investors
One of the key features of IPOgo is the expansion of retail investor participation in public offerings.

For companies seeking to raise up to €12 million, the new platform enables broader access for retail investors to IPOs. In France, where Euronext Growth hosts around 250 listed companies, firms using IPOgo may allocate up to 100% of their public offering to retail investors.

This development comes at a time when retail participation in European markets is rising significantly. According to Euronext data, trading volumes on Euronext Growth in 2025 reached their highest level since 2021, with nearly one-third of total trading volume coming from retail investors.

Support for European growth
Mathieu Caron, Head of Primary Markets at Euronext, stated that despite the depth of European capital markets, many growing SMEs still do not take advantage of stock market financing.

He emphasized that SMEs form the backbone of the European economy, as they create jobs, drive innovation, and support economic activity at the local level.

“With IPOgo, we take another step toward connecting European savings with the financing needs of SMEs. Through technological upgrades, regulatory improvements, and growing investor interest in companies that strengthen Europe’s strategic autonomy, we are making IPOs faster, simpler, and more cost-effective,” he said.

The initiative is considered significant for European capital markets, as it seeks to address one of the key barriers preventing SMEs from accessing public markets to raise capital and finance their growth.