{"id":394604,"date":"2026-08-25T11:15:22","date_gmt":"2026-08-25T10:15:22","guid":{"rendered":"https:\/\/realites.com.tn\/fr\/?p=394604"},"modified":"2026-08-25T11:15:22","modified_gmt":"2026-08-25T10:15:22","slug":"bourse-de-tunis-des-introductions-en-ralentissement","status":"publish","type":"post","link":"https:\/\/realites.com.tn\/fr\/bourse-de-tunis-des-introductions-en-ralentissement\/","title":{"rendered":"Bourse de Tunis\u00a0: Des introductions en ralentissement"},"content":{"rendered":"

Selon une note r\u00e9cente de la Bourse de Tunis, entre 2008 et 2025, la Bourse de Tunis a enregistr\u00e9 41 introductions en 18 ans (2,3 par an en moyenne). Un pic est observ\u00e9 en 2012-2013, port\u00e9 par un fort engouement des entreprises, suivi d’un ralentissement progressif \u00e0 partir de 2017, avec environ une op\u00e9ration par an. Aucune introduction n’a eu lieu en 2023 et 2024, avant un retour en 2025 avec l’entr\u00e9e de BNA Assurances.<\/p>\n

16 sorties de la cote ont \u00e9t\u00e9 recens\u00e9es sur la p\u00e9riode : 44 % de retraits involontaires, 31 % de fusions-acquisitions et 25 % de retraits volontaires. Ainsi, 56 % des sorties r\u00e9sultent d’op\u00e9rations strat\u00e9giques et non de difficult\u00e9s financi\u00e8res.<\/p>\n

Alors que de nombreuses places boursi\u00e8res voient leur nombre de soci\u00e9t\u00e9s cot\u00e9es diminuer, la Bourse de Tunis progresse : les 41 introductions contre 16 sorties se traduisent par un gain net de 25 soci\u00e9t\u00e9s, soit 2,6 entr\u00e9es pour chaque sortie.<\/p>\n

R\u00e9form\u00e9 en 2019, avec le transfert des soci\u00e9t\u00e9s vers le march\u00e9 principal, ce compartiment est d\u00e9sormais r\u00e9serv\u00e9 aux investisseurs avertis mais n’a connu aucune introduction depuis. Une r\u00e9flexion sur sa relance et son r\u00f4le dans le financement des PME semble n\u00e9cessaire.<\/p>\n

L\u2019offre \u00e0 prix ferme OPF reste la proc\u00e9dure d\u2019introduction privil\u00e9gi\u00e9e des soci\u00e9t\u00e9s compte tenu de sa simplicit\u00e9 de mise en \u0153uvre. L’OPF repr\u00e9sente pr\u00e8s de 93 % des introductions r\u00e9alis\u00e9es.<\/p>\n

L\u2019offre \u00e0 prix ouvert OPO n\u2019arrive pas \u00e0 s\u2019imposer comme une proc\u00e9dure de r\u00e9f\u00e9rence, vu la faible pr\u00e9sence des investisseurs institutionnels sur lesquels se base cette technique de book building.<\/p>\n","protected":false},"excerpt":{"rendered":"

Selon une note r\u00e9cente de la Bourse de Tunis, entre 2008 et 2025, la Bourse de Tunis a enregistr\u00e9 41 introductions en 18 ans (2,3 par an en moyenne). Un…<\/p>\n","protected":false},"author":60,"featured_media":394605,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[6],"tags":[7359,3736,1120],"class_list":["post-394604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economie","tag-bourse-de-tunis","tag-realites-online","tag-tunisie"],"yoast_head":"\nBourse de Tunis\u00a0: Des introductions en ralentissement - R\u00e9alit\u00e9s Magazine<\/title>\n<meta name=\"description\" content=\"Selon une note r\u00e9cente de la Bourse de Tunis, entre 2008 et 2025, la Bourse de Tunis a enregistr\u00e9 41 introductions en 18 ans (2,3 par an en moyenne). 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