The Paris Stock Exchange, now part of Euronext Paris, is structured around two main types of markets: regulated and unregulated markets. Both allow buyers and sellers of securities to meet, but they are subject to different requirements in terms of transparency and information.
The regulated market, centered around Euronext Paris, primarily hosts large companies. To be admitted, they must, among other things, submit audited financial statements for the past three years and publicly trade a significant portion of their capital. Once listed, they are required to publish their annual and semi-annual financial statements, as well as any information likely to affect their share price.
Reduced obligations for SMEs and start-ups
The regulated market is subdivided into three segments according to market capitalization: A for companies valued at over one billion euros, B between 150 million and one billion, and C below 150 million. Shares are generally traded continuously throughout the trading session.
Alongside this market, Euronext offers multilateral trading facilities such as Euronext Growth and Euronext Access. Designed for SMEs and high-growth companies, these segments impose more flexible obligations, particularly regarding the publication of financial information. They offer simplified access to market financing, with requirements tailored to the size of the companies involved.
