Avantium celebrates its listing on Euronext Amsterdam and Brussels

Back

Avantium raises € 1191 million in successful IPO

Amsterdam - 15 March 2017 – Euronext Amsterdam and Euronext Brussels today welcomed Avantium (ticker code: AVTX), a leading chemical technology company and forerunner in renewable chemistry. The listing follows the company’s successful Initial Public Offering (IPO), with a total offering of € 119 million.

After opening, the first market price was € 11.65. Based on the first price, the total market capitalization of the company was around € 294.1 million.

Avantium is a leading chemical technology company and a forerunner in renewable chemistry, developing efficient processes and sustainable products made from biobased materials. One of Avantium’s success stories is the YXY technology to produce PEF: a completely new, high-quality plastic made from plant-based industrial sugars. PEF is 100% recyclable. It offers a cost-effective solution for applications ranging from bottles to packaging film and fibres, positioning it to become the next generation packaging material.

Tom van Aken, Chief Executive Officer of Avantium, said: “The listing on Euronext Amsterdam and Brussels is an important milestone for our company. It will support us in effectively implementing our ambitious strategy going forward and enables Avantium to capture the market opportunity driven by the increasing demand for renewable chemicals and materials and increasing consciousness around sustainable products and production methods. The strong demand from both institutional and retail investors is overwhelming and the high level of support gives us confidence for our future as a listed company. We look forward to execute our strategy going forward with our new shareholders.”

To celebrate the successful IPO and listing, the CEO of Avantium sounded the gong in Amsterdam to open trading on Euronext’s markets. Avantium finishes this day at Euronext Brussels to celebrate their dual listing in Brussels with the closing bell.


1 Including maximum greenshoe, if fully exercised

About Avantium
Avantium is a leading chemical technology company and a forerunner in renewable chemistry. Together with its partners around the world, Avantium develops efficient processes and sustainable products made from biobased materials. Avantium offers a breeding ground for revolutionary renewable chemistry solutions.
From invention to commercially viable production processes. One of Avantium’s many success stories is the YXY technology to produce PEF: a completely new, high-quality plastic made from plant-based industrial sugars. PEF is 100% recyclable. It offers a cost-effective solution for applications ranging from bottles to packaging film and fibres, positioning it to become the next generation packaging material.
The YXY technology is the most advanced technology, and Avantium is also working on a host of other ground-breaking projects and is providing advanced catalysis research services and systems to companies in the chemical, refinery and energy sector. Avantium employs 90 people and the YXY Technology team, employed by the Joint Venture, comprises 50 people from around the world. This translates into cultural diverse teams representing over eighteen nationalities. Over 35% of these people hold a PhD degree. Avantium’s offices and headquarters are based in Amsterdam, the Netherlands.
For more information: intended-listing.avantium.com

Press Release Footer

About Euronext 
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With nearly 1,900 listed issuers and around €6.6 trillion in market capitalisation as of end December 2023, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.  
For the latest news, follow us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).

Disclaimer
This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.

This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at www.euronext.com/terms-use.

© 2024, Euronext N.V. - All rights reserved.