BUX partners with PrimaryBid to open IPO and equity fundraising opportunities to retail investors

Company News & Announcements
Oct 2024
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BUX partners with PrimaryBid to open IPO and equity fundraising opportunities to retail investors
Mike Coombes
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BUX, part of ABN AMRO Bank N.V., is the first pan-European partner to adopt PrimaryBid’s innovative capital markets platform, providing retail investors in Belgium and the Netherlands with access to IPOs and other regulated fundraises, including deals previously reserved for institutional investors. This move, encouraged by ABN AMRO, is part of BUX’s mission to make investing more accessible and empower retail investors with new opportunities.

PrimaryBid's solution, already a market standard in France, has helped over 30 SMEs raise capital from retail investors over the past three years. With BUX leading the way in adopting this platform, retail investors in the Netherlands and Belgium will now have the chance to participate in primary offerings.

Since 2018, PrimaryBid has been partnering with Euronext, the leading pan-European market infrastructure that connects European economies to global capital markets. This new agreement represents a significant step toward the shared goal of promoting broader retail inclusion in the primary markets.

This initiative comes as the EU Listing Act simplifies fundraising rules across Europe, paving the way for greater retail participation by removing limits on how much retail investors can invest in follow-on offers. The act, set to come into force later this year, is expected to further enhance the contribution of BUX and ABN AMRO to the competitiveness of European capital markets.

Yorick Naeff, CEO of BUX, said: “For too long, access to primary offerings has been limited to institutional investors. Our collaboration with PrimaryBid marks a significant step towards levelling the playing field. This partnership will empower retail investors, providing them with unprecedented opportunities to participate in primary offerings and shape their financial futures. At BUX, we are committed to democratising investing, and this alliance furthers our mission to make investing accessible to everyone. Additionally, the democratisation of primary markets is essential to funding the real economy and contributing to economic resilience in Europe."

Francois De Wiljes, Head of PrimaryBid SA, said: “As two technology-driven firms with a shared pan-European vision, this partnership between BUX and PrimaryBid is a natural fit. I am confident that together, we can replicate the success we’ve seen in France in new markets, starting with the Netherlands and Belgium.”

René van Vlerken, CEO of Euronext Amsterdam, said: “We’ve been working with PrimaryBid since 2018 to broaden retail investor access to primary markets across Europe. The BUX and PrimaryBid partnership will provide even more options for issuers and strengthen cross-border retail participation in public markets, especially as the EU Listing Act takes effect.”

​​Paul Huysmans, Head of Equity Capital Markets at ABN AMRO, said: “We believe in broadening access to the capital markets and to include retail investors where possible. This partnership will create value for issuers and retail participants. As owner of BUX, ABN AMRO is proud to accelerate innovation in the capital markets and committed to support the partnership between BUX and PrimaryBid.”

Contacts:

BUX: Asya Kapitonova | pr@getbux.com | +31 (0) 6 13 20 21 25

PrimaryBid: Mike Coombes | mike.coombes@primarybid.com

ABN AMRO: Marieke Ziedses des Plantes  | marieke.ziedses.des.plantes@nl.abnamro.com

 

Notes to Editors:

Retail investor involvement in fundraising remains fragmented across EU markets. However, connecting pools of retail capital to regulated investment opportunities that support Europe’s growth is a key political priority for the EU and a fundamental pillar of the Capital Markets Union. The recent Letta Report on the EU Single Market, the Draghi Report on European Competitiveness, and President Von der Leyen’s Political Guidelines for the next European Commission have stressed the critical importance of progress in this area.

There is also growing evidence of the significant potential for increased retail investor participation in European capital markets:  a 2021 study from AFM , the Dutch regulator, showed that almost half of Dutch households could benefit from increased exposure to the capital markets. Another study from the FSMA , the Belgian regulator, demonstrates the retail investor demand for European equities as approximately one third of equity investments of Belgium retail investors are directed to non-domestic European stocks.

Boilerplate: 

BUX, part of ABN AMRO N.V., is one of Europe’s leading neo-brokers. BUX provides a versatile investment platform featuring stocks, ETFs, and ETCs, alongside pre-built and custom Investment Plans. With its intuitive mobile investment app, BUX makes investing easier and more affordable for everyone. By simplifying the trading experience, BUX is helping a new generation of investors build long-term wealth and achieve their financial goals. Headquartered in Amsterdam, BUX is currently available in the Netherlands, Belgium, France, Germany, Spain, Italy, Austria, and Ireland. 

PrimaryBid is a leading fintech firm. It builds advanced retail capital-raising solutions for regulated financial institutions, enabling smart investor inclusion in public and private offerings globally. Its SaaS platform facilitates efficient investor access in IPOs, follow-ons, block sales, and corporate and government bonds, and transforms retail investor participation into a systematic and data-driven component of capital raising. A partner to Euronext, SoFi Technologies and London Stock Exchange Group, PrimaryBid is backed by leading financial institutions and venture capital firms, including SoftBank, London Stock Exchange Group, Fidelity, Molten Ventures, OMERS Ventures, Motive Partners, Outward Ventures and Pentech. In November 2018 PrimaryBid signed a partnership agreement with Euronext N.V. covering European geographies, including France, Belgium and the Netherlands. Regulated in both the UK and - through PrimaryBid SA in France - in the main European jurisdictions, it has completed more than 350 transactions in the UK and in France since 2016.  PrimaryBid SA has completed 37 deals since 2021, supporting Dutch-incorporated and listed firms such as Avantium and ONWARD Medical. 

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