Houthalen, Belgium: September 18, 2019 – Choice has been selected by Euronext for its pre-IPO program TechShare. TechShare is Euronext’s pan European pre-IPO program dedicated to Tech Companies. By sharing knowledge TechShare prepares high potential, fast growing Tech companies for future IPO.
Stéphane Boujnah, CEO and Chairman of de Managing Board of Euronext about TechShare:
“As the largest listing venue for tech companies in Europe, Euronext is the go-to market for tech companies considering a listing. Over the next months, academics, banking and law specialists as well as Euronext experts will help prepare these companies for the next step in their growth strategy. They will also benefit from access to the TechShare network, which is fast becoming one of the largest tech financing communities across Europe." The attendants of the Belgian kick off meeting of TechShare at Euronext Brussels: besides representatives of the selected companies and Euronext, also pre-IPO investment bankers, law and accountancy firms; also our Choice CEO Bart Van Coppenolle and Choice President Philip Vandormael participated.
Benoît van den Hove, Head of Listing Euronext Belgium, said about the TechShare Choice selection:
“The quality of Choice’s application and its management’s strong motivation convinced us to invite Choice to join the programme.” Besides Choice only 12 other Belgian companies have been selected. European wide 132 participants and 75 partners have been selected for the program this year.
Bart Van Coppenolle, CEO of Choice said about the kick off meeting:
“It’s an honor for Choice to attend. We were also delighted to meet at the TechShare Belgium kick off meeting various old friends who helped us bringing our previous venture public. Also I was very energized by sharing my pre (and post) IPO experiences with other participants. Preparing and eventually executing an IPO together truly builds bonds between people that last.”
Launching in private beta in September 2019, Choice is a social media network for long form video content, i.e. a collaborative TV & video streaming platform. Choice is a pure play Tech Company brokering 3rd party Content, Telecom and other online services. Choice features an innovative crowdfunding financing model through the Choice CO-OP, a shareholding cooperation offering its members/shareholders rock bottom priced regulated commodity services such as mobile and fixed broadband Internet which are brokered over the Choice TV platform. Choice currently investigates the possibility of floating its shares. Also vouchers representing discounts on regulated commodity services for members/shareholders could potentially be split off from the share and traded separately in the near future.
Launched in September 2015, TechShare is the only European programme dedicated to non-listed tech companies. With annual cohorts of fast‐growing European tech companies, the programme is an educational network designed to help these high‐potential businesses understand the role of capital markets and how they can help them reach the next stage of their growth. Last year, for the first time Euronext welcomed companies from outside its domestic markets, with participants from Germany, Italy, Spain and Switzerland. This decision follows the opening of new representative offices in these countries and demonstrates the potential and dynamism of European companies in the tech sector. The number of companies participating has also increased significantly with 132 companies this year compared with 30 companies in 2015, representing a four‐fold increase in only four years. The 2019-2020 class has a broad diversity with participants from across Europe: 13 from Belgium, 35 from France, 23 from Germany, 6 from Ireland, 12 from Italy, 12 from the Netherlands, 7 from Portugal, 12 from Spain, and 12 from Switzerland.
Euronext is the leading pan-European exchange in the Eurozone, covering Belgium, France, Ireland, The Netherlands, Portugal and the UK. The Norwegian stock exchange and its clearing & settlement subsidiary, together operating as Oslo Børs VPS, joined Euronext on 17 June 2019. 1,239 listed issuers worth €3.8 trillion in market capitalisation as of end June 2019, Euronext is an unmatched blue chip franchise that has 26 issuers in the Morningstar® Eurozone 50 Index℠ and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, Euronext also operates Euronext GrowthTM and Euronext AccessTM, simplifying access to listing for SMEs. For the latest news, find us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).
The shares of the Choice project are not publicly quoted, neither are these of the Choice CO-OP, and there is no guarantee whatsoever that they will be quoted in future. This press release does not constitute in any way an offer of shares or other financial instruments.