MISSION OF THE PANEL

The Panel brings together senior finance professionals and market stakeholders to help design and recommend the European IPO stack required for a single, competitive European stock exchange.

The growing debate in Europe on the need for an integrated European Stock Market is often framed in terms of competitiveness with the U.S., financial sovereignty, or strategic autonomy. But at its core, it reflects a much more concern about the lack of a deep capital market to support technology investment — including funding for AI, data centers, deep tech scale-ups, and innovation financing more broadly.

Rather than focusing on isolated reforms, the Panel examines the IPO market as an integrated stack, inspired by the Nasdaq model but adapted to Europe’s legal, economic, and institutional realities.

Panel’s mission is to help develop practical, forward-looking strategies that align all layers of a European IPO market, including:

• Market infrastructure and trading facilities capable of supporting high-growth companies
• Regulatory and listing frameworks that balance investor protection with innovation and scale
• Capital market access mechanisms that enable European growth companies to raise public equity in Europe rather than abroad