Euronext is preparing seven Portuguese companies to enter the stock exchange
Seven Portuguese companies are participating in Euronext's IPOready program this year, having collectively raised 1.1 million euros in funding since their inception and now considering the stock exchange as their next strategic move.
Another edition of IPOready will be launched in Portugal, bringing together this year the largest group of companies since its launch in 2015, with more than 160 companies from 15 European countries seeking tools and knowledge from a range of experts to carry out an IPO in the future.
For this year, IPOready has seven national companies
"that generate an average of 21 million euros in annual revenue and employ
an average of 144 people," Euronext said in a statement.
Among these companies is Doutor Finanças, a credit
intermediation company that closed 2022 with revenues of over nine million
euros as a result of an average annual turnover growth of 38% since 2020, and
which last year began a growth strategy based on a franchising model of opening
stores across the country.
"Our medium-term growth plan foresees the
internationalization of Doutor Finanças. In this context, entering the capital
market is an excellent alternative in terms of financial leverage for this
process," said Paulo Velho Cabral, Doutor Finanças' financial
administrator.
In addition to Doutor Finanças, there are six other
Portuguese companies in this year's edition of Euronext's pre-IPO program -
Bring Global Services, Digidelta International, IMP Diagnostics, INOVA+
Innovation Services, Ophiomics and another that preferred to remain anonymous -
which together "have raised an average of 1.1 million euros in equity
financing since their creation," says Euronext.
"The range of seven companies in the 2024 program is
diverse, both in terms of sector and experience, but they all share an
ambitious vision of the future, setting an example for many
entrepreneurs," says José Pedro Luís, head of corporate and financial
communications at H/Advisors CV&A - one of the four partners selected by
Euronext to accompany the national companies in the program, which runs until
June.
"For our workshop dedicated to the area of corporate
and financial communications, we intend to demonstrate the positive
reputational impact of being on the stock exchange and explain the rules and
regulations of communicating with the capital market," says José Pedro
Luís.
In addition to CV&A in terms of communication, the seven
Portuguese companies will be accompanied by specialists from CaixaBank BPI
(banking), PWC (consultancy) and MLGTS (legal services).
