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New listings on the Luxembourg Stock Exchange reach their highest level in 15 years

New listings on the Luxembourg Stock Exchange reached a 15-year high last year, with revenues up 7% to nearly 41 million, the company announced on Friday.

Net profit was 10.6 million in 2023, according to the latest annual report of the Stock Exchange.

This is a significant drop from the record 2022, a bumper year when profits reached 170 million thanks to the sale of subsidiary Fundsquare to British fund data and technology company FE fundinfo.

New registrations on LuxSE last year reached their highest level since 2007, with 13,900 new registrations in 2023, a jump of 13% from the previous year.

The exchange also increased its global market share in listed international bonds and captured 34% of the market in 2023, up from 29% in 2022.

The Luxembourg Stock Exchange recorded a record profit in 2022

At the end of 2023, the Luxembourg Stock Exchange declared a total of 42,494 securities, an increase of 4% compared to the previous year.

A challenging economic environment has led to a slowdown in the global sustainable bond market, the exchange said, resulting in fewer issuances in 2023. However, despite the broader trends, the exchange said it saw 554 new green, social and sustainable bonds issued last time. year, an increase of 4% compared to 2022.

Beyond substantial revenue growth, LuxSE remained the benchmark exchange for sustainable finance and further strengthened its leading position in international bond listings, said Julie Becker, CEO of the Luxembourg Stock Exchange.

Sources

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2/ https://www.luxtimes.lu/businessandfinance/new-listings-on-luxembourg-stock-exchange-hit-15-year-high/14018063.html

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