(AOF) – Euronext announced the future launch of the “Invest in France” family of indices. This new family of indices aims to highlight international companies which are at the forefront of economic progress in France, thus supporting national economic attractiveness.
The new family of “Invest in France” indices aims to provide investors with exposure to international companies listed on the stock exchange which have been identified, with the support of Business France, as contributing to the French employment landscape by promoting employment opportunities. ‘job. Business France is the French national development agency, and plays a central role in strengthening economic attractiveness.
Stéphane Boujnah, Chief Executive Officer and Chairman of the Management Board of Euronext, said: “Euronext reaffirms its commitment to developing innovative financial instruments that offer investors the opportunity to support the real economy. Our pan-European identity, coupled with our reach global, makes it possible to create this family of indices which will facilitate commitment to economic growth and job creation in France, alongside institutional and financial partners.
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Despite the turbulence, fintechs stay the course
According to BCG, in mid-2021, all fintechs listed in the world were valued on average twenty times their revenues, or a valuation of around $1.3 trillion. This figure had multiplied by more than four in three years. At the end of 2022, this multiple was divided by five, with average valuations limited to four times revenue. Nevertheless, BCG considers that the sector should record a jump in growth by 2030, with a six-fold increase in revenues for fintechs. After payments, development should mainly come from fintech banking, with the rise of turnkey services for businesses and professionals (“banking-as-a-service”).