Also Europe will have its Nasdaq, i.e. a special segment of the Stock Exchange that will collect and give visibility to the major ones high-tech company of the Old Continent. She decided it Euronext, the market-company that controls and manages the stock exchanges of 7 countries: Italy, France, Belgium, Holland, Portugal, Norway and Ireland. The European Nasdaq will be called Euronext Tech Leaders and will understand 108 companies, of which 19 are Italian. To be part of it, companies must be tech company operating in one of the following three subsystems: thehealthtech, cleantech and general tech. Furthermore, to be admitted to the new market segment the tech company must have a market capitalization of at least 300 million and must have achieved a minimum level of revenue growth for three years or have raised a minimal amount of capital.
The new segment of the Stock Exchange will have a capitalization of trillion euros and in July the index representing the performance of the companies in the basket will make its debut.
European Nasdaq: here are the 19 Italian companies that will be part of it
Among the 108 European champions that will be part of the new Stock Exchange circuit, 19 are listed in Italy and more precisely 18 are Italian to all intents and purposes and one – the largest and most famous, St Microelectronics – is an Italian-French joint. Here is the list of other companies listed on the Piazza Affari that will join Euronext Tech Leaders:
- Alerion Cleanpower
- Antares Vision
- Diasorin
- Digital Bros
- Digital Value
- El.En.
- Finecobank
- Gvs
- Illimity Bank
- Mortgages online
- nexi
- Philogen
- Reply
- Dry
- Sesa
- Technoproblem
- Tinexta
- wiit
In reality, there is also another Italian company on the European Nasdaq – nhoa, which was born from a spin-off of the Polytechnic University of Turin – which however is listed on the Paris Stock Exchange and is controlled by the Taiwanese group Tcc
It doesn't have the value of the US Nasdaq, but it's a first step
The European Nasdaq is not a photocopy of the American one, both because the concept of tech is considered in a more flexible way and more in line with the reality of the Old Continent, and because the dimensions are incomparable. A comparison remembered by the Sun 24 Hours: the top 10 companies high tech of the Stoxx Europe 600 count less than 700 billion euros while the top 10 on Wall Street are worth over 6 trillion dollars. However, the innovation put in place by Euronext is an excellent choice and has the specific purpose of giving visibility to the tech champions in front of financial analysts, asset managers and investors and, hopefully, of attracting more capital to European companies.
