That’s pretty fast. Euronext is launching options on Grandvision, the optical retail chain. Stock itself will probably qualify for inclusion in the AEX index next year – depending on how many shares owner HAL Investments will sell in the market in the coming months. After all, they still won 76.7% of the firm.
IPO of Grandvision was exactly one month ago, on February 6th. In a week the options will be introduced, on March 16th. It will be a part of the “spotlight” segment – a kind of fast track for introduction of the options and a with limited lifetime cycle of 1, 2 and 3 months.
Euronext remains very happy with Tjerk Westerterp’s “spaghetti strategy”. Throw all sorts of stuff at the market, and see what sticks around. Saves a lot in the marketing budget. Though this GVN options could be a succes. We’ll see.