Euronext N.V. presented on Friday its "European Common Prospectus, a single, standardized template for equity issuances," which aims to speed up capital market integration, as well as boost IPO (initial public offering) activity in the European Union.
"Euronext has continuously simplified listing rules, with harmonised rulebooks to enable issuers to tap into our single liquidity pool powered by our single trading platform Optiq. This new prospectus ... complies with existing EU regulation and offers immediate benefits to both issuers and investors," the European bourse explained in a statement.
Euronext detailed that while the new template will need to be submitted through the normal regulatory approval process, it "replaces the 21 sections previously required with a simpler 11-section format," making the preparation of a listing prospectus "faster and more efficient."
