How to list


Preparation is fundamental: the most important issue in any listing and admission to trading process is that every step needs to be carefully prepared and planned

 

The Luxembourg Stock Exchange operates two markets. The first, the 'Bourse de Luxembourg' market opened in May 1929 and it later became a European regulated market. As such, it offers a European passport. The other, opened in July 2005, is named 'Euro MTF' and is a Multilateral Trading Facility.

Our dedicated listing teams deal with listing applications every day and will efficiently follow through with your application. You will also be working in close cooperation with specialist listing agents and other companies such as legal advisors, auditors, banks acting as lead managers or financial advisors.

We offer a high quality and efficient listing service that meets the needs of international capital markets and their participants.
how to list EN

Steps 1 and 2: Planning and Preparation

The actions to be carried out in these steps vary slightly depending on the type of security you are going to issue.

For debt and equity securities, potential issuers should ensure that they can demonstrate:

  • The appropriateness of the financial track record
  • An experienced board of directors
  • High quality corporate governance standards
  • Suitability of existing capital and organisation structure
  • Quality of management information and financial systems
  • A solid legal and project approach.

Whatever the type of security, any listing and admission to trading requires that a prospectus be prepared and approved.

In addition, there are specific preparations that should be taken depending on which LuxSE market you are going to list. A full overview of requirements, laws and applications forms are in the Listing Requirements section.

Step 3: Application and File Submission

Either the issuer itself or a company acting on its behalf can submit requests for approval.

In the case of a listing and admission to trading on the Euro MTF market, the prospectus and all related documents are submitted to the Luxembourg Stock Exchange.

For listing and admission to trading on the Bourse de Luxembourg regulated market, the prospectus and all related documents are submitted to the Luxembourg supervisor, the CSSF (Commission de Surveillance de Secteur Financier).

Application forms for both markets, as well as details on specific requirements are in the Listing Requirements section.

Step 4: Listing and Admission to Trading

Once the prospectus has been approved, either by the LuxSE or the CSSF, the Luxembourg Stock Exchange lists the security on its official list. Admission to trading follows.

This is one of the advantages of listing on the LuxSE: all listed securities are fully tradable on exchange.

For debt and derivative securities issuance programmes, the decision of listing is effective for one year and may be renewed annually in order to allow new listings.

Step 5: After the Listing

After a listing and admission to trading, issuers are subject to specific requirements for information disclosure. Again, there is a difference in these requirements depending on whether the security is on the Euro MTF or the Bourse de Luxembourg regulated market.

Detailed information is in the Actions after Listing section.
 

 

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International Primary Markets - IPM

Julie Becker
Member of the Executive committee & Head of IPM
jbe@bourse.lu

Listing & Approvals

Alessandro Picco: 47 79 36 261
Ronny Alf: 47 79 36 229
bolide@bourse.lu

Issuing Programs

Daniel Majek: 47 79 36 221
Tom Schmit: 47 79 36 223
bolide@bourse.lu

OAM / FNS

Daniel Majek: 47 79 36 221
Jerry Hoffmann: 47 79 36 338
ost@bourse.lu

Relationship Management & Business Development

Carlo Oly: 47 79 36 227
col@bourse.lu

Key Documents for Listing