EnterNext, a subsidiary of Europe’s largest exchange, Euronext, has launched its Tech 40 label, coalescing a number of innovative European small market enterprises (SMEs), according to a Euronext statement.
The label offering will highlight young and emergent technology companies already listed on the Euronext exchange. Each year Tech 40 will allow up to 40 top-performing European companies to reap the rewards from premium services. The initiative represents the latest bid by EnterNext to boost the visibility of tech companies on financial markets, whilst providing special assistance.
More specifically, companies operating under the Tech 40 label are fledgling technology stocks listed on Euronext markets, operating across such sectors as life sciences, eco-industries and telecom media. In its inaugural launch, an independent group of European experts selected the first 40 firms on the basis of their business, financial and overall market performance.
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According to Eric Forest, Chairman and CEO of EnterNext, in a statement on the launch, “Last November we announced a series of measures to raise the visibility of our listed tech companies. The Tech 40 label is one example, and today we are proud to reveal the names of the first 40 companies to carry it.”
“These companies have distinguished themselves in recent years through their business success and market performance, and will now benefit from additional assistance from EnterNext teams. We are convinced that this initiative, combined with our other measures aimed at promoting the development of tech stocks, will help promote our young tech stocks with international investors,” he added.
Companies constituting the initial Tech 40 label can be found by accessing the following link.