[Last updated: 1 January 2024, unless otherwise noted]
Initial admission fees
The initial Euronext admission fees for equities are as follows:
The fee for a technical listing on Euronext, consisting of a listing without a public offering or private placement by a company already listed for a period of at least 12 months in another country, is the standard initial admission fee with a maximum fee of €120,000 (approximately US$132,600).
Each issuer that applies for listing shall pay to Euronext a handling fee of €15,000 (approximately US$16,575) for standard actions to be taken in connection with the listing (such as review of documents (prospectus, application form, corporate documents)). The handling fee is due upon filing of the (draft) application form or a kick-off meeting with Euronext having taken place. Additional handling fees may become due if Euronext is required to perform additional actions or if its employees are required to spend additional time on the admission due to the complexity of the contemplated transaction. The handling fee will be credited against the admission fee payable by the issuer provided that the listing is completed within 12 months after the initial date the handling fee is due.
An additional admission fee of €15,000 (approximately US$16,575) is due for any additional listing taking place on Euronext Amsterdam, Brussels, Lisbon or London at the same time as, or later than, the primary admission to Euronext Paris.
An issuer transferring its equity securities from one Euronext exchange market (whether regulated or not) to another Euronext exchange market, will receive a 50% discount on the admission fee with a maximum fee of €15,000 (approximately US$16,575).
Further equity issues by an existing public company will be charged according to the same fee structure as new admissions. New shares that are not fungible with existing listed shares (such as new shares that are not entitled to the same dividend or that are of a separate category, such as preferred shares) will be listed on a separate line and charged the standard admission fee with a 50% discount. The admission fee for a subsequent admission of shares solely related to the payment of a stock dividend or bonus issue (as the case may be) is capped at €350,000 (approximately US$386,750) per annum.
Annual fees
The annual Euronext listing fee is the sum of:
- A commission based on the number of outstanding shares as at 31 December of the most recent year, calculated as follows:
-
For issuers with a market capitalization (based on the number of shares outstanding as of 31 December multiplied by the last closing price of the year) above €150 million (approximately US$165.75 million), an additional fee of €12.50 (approximately US$13.81) per million above €150 million.
The total annual fee of a category of shares cannot exceed €78,000 (approximately US$86,190).
In the case of dual or multi-listing on several Euronext markets in Europe, the annual fee is applicable only in the market of reference, with the secondary listing(s) getting a 50% rebate. Any additional admission to listing and/or trading on any Euronext market of such issuer's equity securities are not charged further annual fees.
AMF fees
The AMF does not charge any fee upon approval of the listing prospectus. The AMF charges an annual fee to listed companies, based on their market capitalization. However, the fee is imposed only on companies with a market capitalization of more than €1 billion (approximately US$1.11 billion) and whose principal trading market is Euronext Paris. The fee will thus not be imposed on a company that has only a secondary listing in Paris.