Euronext Amsterdam IPO Listing Requirements & Cost

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NL · EMEA · Regulated Main

Euronext Amsterdam

Euronext · Amsterdam · EUR

Deep tech and semiconductor investor base; favoured European tech listing hub.

Eligibility · Meridian Renewables (example)

Conditional

1 requirement(s) not yet met — see eligibility below.

Min market cap

$30M

admission floor

Min free float

25%

public hands

Est. all-in

6.4%

on $700M

Time to list

20–24w

from kickoff

Regulator

AFM

oversight

Eligibility check

✓

Market capitalisation

Requirement: ≥ $30M

$4.8B

Free float

Requirement: ≥ 25%

~15%

✓

Operating history

Requirement: ≥ 3 yrs

11 yrs

✓

Profit / revenue test

Requirement: No fixed profit test

Profitable

Governance standard

Requirement: Dutch Code / EU MAR

Gaps

✓

Accounting

Requirement: IFRS

IFRS

Rules as of 2026-Q2 · source: Euronext Rule Book I & II (AFM, NL). Compiled summary — validate against the primary source before filing.

Fees & cost

Est. all-in · $700M raise$45M 6.4%

Underwriting spread5.2% · $36M

Initial listing fee€0.3M

Annual fee€0.1M

Legal · audit · IR · other$8.2M

Total all-in$45M (6.4%)

Market quality & investors

Liquidity★★★★☆

Analyst coverage★★★★☆

Retail participation★★☆☆☆

Institutional depth★★★★☆

Index inclusion

AEX

Aftermarket: +12% avg first-day

Process & sectors

Typical time-to-list20–24w

RegulatorAFM

Dual / secondary listingSupported

Min public shareholders—

Sector strength

TechSemiconductorsEnergy

Notable listings: Adyen, ASML (listed)

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