€9.2 million raised; market capitalisation €28.7 million
EnterNext, the Euronext subsidiary dedicated to promoting and growing the market for small and medium-sized companies (SMEs), today welcomed Cerinnov, a specialist in robotic engineering and industrial equipment, for its first day of trading on Alternext Paris.
Cerinnov Group designs, manufactures and markets machines used in the production and decoration of ceramics and glass. Its technologies are used to produce a vast range of industrial materials and equipment, from medical prostheses to aerospace equipment. A pioneering player in robotic engineering for 18 years, Cerinnov has units in France, the United Kingdom, Germany and the United States, with a commercial presence in over 70 countries. The company is currently accelerating its growth, and plans to use funds raised on Alternext to finance steady advances in innovation and expand its geographical reach.
Cerinnov (ticker symbol: ALPCV) was listed through the admission to trading on 20 June 2016 of 3,341,608 common shares, including 1,069,767 new shares issued as part of a Global Offering(*), after full exercise of the extension clause and before a potential over-allocation option.
The admission price and issue price of Cerinnov shares was set at €8.60. Market capitalisation on the day of listing was €28.7 million, and the operation raised a total of €9.2 million.
Arnaud Hory, Chairman and CEO of Cerinnov, said, “I would like to extend warm thanks to all of our new shareholders, both individual and institutional, for their trust and strong support for our listing. I also want to thank all Cerinnov staff who, through their ongoing engagement, are contributing to our company’s success in France and on international markets. The funds raised will enable us to accelerate our growth by taking advantage of any opportunities that arise in our very fast-growing world market.”
