Portuguese educational toy maker Science4You plans to float shares worth up to €15m in 2019 to stoke further expansion in a fresh sign that small technology firms may revive the country’s anaemic initial public offering (IPO) scene. Science4You, which sells most of its products abroad, said on Thursday it wants to list shares amounting to up to 45% of its capital — a combination of new shares and shares held by its owners — on the Euronext Growth market. Euronext Growth offers small and mid-sized companies market access with less stringent listing requirements and fees than the regulated market. It still guarantees protection to investors and is based on the same pan-European trading platform as the main Euronext cash market, enhancing liquidity. Portugal’s IPO scene has been in a dry spell for most of the past decade following the 2008 world financial crisis and Portugal’s debt and economic woes in 2010-14, but in July fintech company Raize raised €5.5m to become the first initial ...

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