€6.1 million raised – market capitalisation of €27.3 million
116th listing on Euronext
Paris – 12 July 2021 – Euronext today congratulates E-PANGO, a company specialising in the supply of electricity and gas to companies and communities, on its listing on Euronext Growth Paris (ticker code: ALAGO).
E-PANGO is an independent company that positions itself as a player in the optimisation of electricity infrastructure. The company has developed an original offer based on an individualised approach to the customers' consumption, using proprietary data tools to optimise the management of gas and electricity bills. E-PANGO's Initial Public Offering (IPO) is intended to provide the company with resources to accelerate its growth and implement its development strategy, which aims to provide companies and communities with flexible, individualised energy offers and optimisation solutions at the right price.
E-PANGO was listed through the admission to trading of the 5,148,766 shares that make up its equity, 1,148,776 of which being new shares issued under a Global Offering.
The admission and issue price of E-PANGO shares was set at €5.31 per share. Market capitalisation was €27.3 million on the day of listing. The offering raised €6.1 million altogether.
Philippe Girard, CEO of E-PANGO, said: “For us, the success of the operation is just the first step that paves the way for a stock market journey in which we will be keen to demonstrate to current and future shareholders the strength of our model, which has already been validated in terms of both growth and profitability. Of course, we intend to go even further in the future, with a strong ambition in mind: to pass the 300-million-euro turnover mark by 2025.”
Caption: Philippe Girard, CEO of E-PANGO, and his team rang the bell during a ceremony this morning to celebrate the Initial Public Offering of the company.
About E-PANGO E-PANGO is a specialist in the supply of energy to companies and communities. Its mission is to provide them with flexible, individualised energy offers and optimisation solutions at the right price. The global solution proposed by E-PANGO brings together 4 unique areas of expertise within a single technological platform: sourcing, data management and development, digitalisation of commercial processes and self-consumption and smart-storage solutions. It has enabled a small team to build loyalty with nearly 500 customers. With a strong and profitable growth that allowed it to achieve a turnover of €13.5 million* in 2020, up 144%, E-PANGO's ambition is to become a key player along with the major players in the energy sector. * (of which €3.5 million from the re-invoicing of the cost of transmission to the network operators)
 The Global Offering was made up of a Public Offering that included a Fixed Price Offer and a Global Placement with institutional investors in France and other countries.