By Charlotte GAUCHON
20 July 2025
Going public is a decisive step in a company's growth, but the road to the financial markets can seem complex. For many small and medium-sized enterprises (SMEs), the requirements of regulated markets are a major obstacle. Fortunately, there are alternatives: multilateral trading facilities (MTFs), designed to offer greater flexibility. Among these, Alternext and the Marché Libre stand out as privileged access routes to financing. Understanding their respective mechanisms and conditions is essential for any manager considering this strategic move. This process is part of a complete legal guide to IPOs, but deserves special attention for its specific features. Alternext: an organised multilateral trading facility Launched in 2005, Alternext was specifically designed for SMEs seeking financing, by creating a bridge between private equity and the traditional regulated market. It is referred to as a "multilateral trading facility"....
EN 
FR