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Affluent Medical lists on Euronext Paris

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€25 million raised – market capitalisation of over €156 million

Paris – 14 June 2021 – Euronext today congratulates Affluent Medical, a French MedTech company specialising in the international development and industrialisation of innovative clinical-stage medical prostheses for the treatment of urinary incontinence and mitral valve pathology, on its listing on Compartment B of Euronext’s regulated market in Paris (ticker code: AFME). Euronext is the number one listing venue for MedTech companies in Europe.

Founded by Truffle Capital, Affluent Medical aims to become a global benchmark player in the field of urology and interventional cardiology. Affluent Medical develops innovative, next-generation, minimally invasive implants to restore critical physiological functions in these areas. Affluent Medical's three medical devices are currently in the clinical phase and, following regulatory approval and CE marking, are expected to be launched rapidly in their respective target markets.

Affluent Medical was listed through the admission to trading of the 18,163,802 shares making up its equity and of 2,906,978 new shares issued under a Global Offering[1].

The admission and issue price of Affluent Medical shares was set at €8.60 per share. Market capitalisation was €156.2 million on the day of listing. The offering raised €25 million altogether.

The Offer was successful with institutional, international and individual investors, with a total demand amounting to 2,906,978 shares, of which 72% were under the global placement and 28% under the open price offer (through 4,771 retail investors, representing a demand of €7 million).

Michel Finance, CEO and Chairman of Affluent Medical, said: “I would like to thank all of our new shareholders, individual and institutional, as well as our current shareholders, in particular Truffle Capital, who have shown their trust in us by contributing to the success of our initial public offering. I would also like to express a special thank you to our employees who, through their involvement and trust, make Affluent Medical a success every day. The funds raised provide us with the necessary means to pursue our development plan and to support the launch of our various innovative medical devices on the market. The first revenues are already expected in 2023 with the commercialisation of Kalios in Europe. Our ambition is to rapidly become a global MedTech player in the service of a better quality of life for millions of patients suffering from urinary incontinence and cardiac mitral valve pathology.”

Affluent Medical

Caption: Michel Finance, CEO and Chairman of Affluent Medical, and his team rang the bell during a virtual ceremony this morning together with Camille Leca, Head of Listing France at Euronext, to celebrate the Initial Public Offering of the company.

About Affluent Medical Affluent Medical is a French clinical-stage MedTech developing a portfolio of innovative medical prostheses that mimic human physiology to treat urinary incontinence and cardiac mitral insufficiency. Affluent Medical's product portfolio currently includes three prostheses and a technology protected by 31 patent families, addressing global and fast-growing markets, estimated to be worth €10 billion by 2027(1). These three products, whose initial development stages have been completed, with major investments made and positive pre-clinical and clinical results already obtained, aim to enter the market soon, subject to regulatory approval and CE marking. In order to conquer the European, American and Asian markets, Affluent Medical is targeting the first revenues from Kalios sales in Europe in 2023(2).(1) Market estimates calculated by the company based on the following studies: Urinary Incontinence Devices (Optima Insights) / Transcatheter Mitral Valve Implantation MarketSize (EmergenResearch) / Global Aortic Aneurysm Market (Infoholic Research). (2) Subject to the achievement of additional clinical development milestones and the obtaining of the necessary financing for the Company's development.

[1] The Global Offering was made up of a Public Offering that included an Open Price Public Offering and a Global Placement with institutional investors in France and other countries.

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