€1.77 billion raised – market capitalisation of €6.08 billion
Global Placement oversubscribed multiple times
Third largest market capitalisation to list on Euronext Brussels through an IPO
Brussels – 17 September 2021 – Euronext today congratulates Azelis, a leading global innovation service provider for the specialty chemicals and food ingredients industry, on its listing on Euronext Brussels (ticker code: AZE).
With a presence in 56 countries around the world, with over 60 application laboratories and 90 offices globally, Azelis has a leading position in the highly fragmented specialty chemicals and food ingredients distribution market. Azelis connects over 2,200 specialty chemicals and food ingredients principals that have granted Azelis one or more mandates to distribute their products, with over 45,000 customers, which are typically small- and medium-sized players that cater to diversified life sciences and industrial chemicals end markets.
Azelis was listed through the admission to trading of the 233,846,153 shares composing its capital, including 33,846,153 new shares and 34,282,810 existing shares offered under the Global Offering.
The admission and issue price of Azelis’ shares was set at €26 per share. Market capitalisation was €6.08 billion on the day of listing. The offering raised €1.77 billion altogether.
The Offering was a resounding success with international institutional investors. The Global Placement was oversubscribed multiple times.
Dr. Hans Joachim Müller, Chief Executive Officer of Azelis, commented: “We are delighted to have successfully completed our IPO on Euronext Brussels. The success of the IPO reflects investors’ positive view of our industry, the track record we have built so far, as well as the value upside that our ambitions and business model represent. This milestone will enable Azelis to continue investing in growth and strengthen its position as the global industry reference in the markets it serves. This is a very exciting moment for us and I am grateful to all our stakeholders – our employees, principals, customers, and our shareholders – for their trust, partnership and hard work. I look forward to working with all of them in continuing with our mission of creating value by innovation through formulation.”
Caption: Dr. Hans Joachim Müller, Chief Executive Officer of Azelis, rang the bell during a ceremony in Brussels this morning to celebrate the Initial Public Offering of the company.
About Azelis Azelis is a leading global innovation service provider in the specialty chemical and food ingredients industry present in over 50 countries across the globe with around 2,800 employees. Our knowledgeable teams of industry, market and technical experts are each dedicated to a specific market within Life Sciences and Industrial Chemicals. We offer a lateral value chain of complementary products to more than 45,000 customers, supported by ~2,200 principal relationships, generating a turnover of €2.22 billion (2020). Across our extensive network of more than 60 application laboratories, our award-winning staff help develop formulations and provide technical guidance throughout the customers’ product development process. We combine a global market reach with a local footprint to offer a reliable, integrated and unique digital service to local customers and attractive business opportunities to principals. EcoVadis Platinum rated, Azelis is a leader in sustainability. We believe in building and nurturing solid, honest and transparent relationships with our people and partners. Impact through ideas. Innovation through formulation.www.azelis.com