Paris, 2 May 2013– Ekinops, a provider of next-generation optical fiber transport solutions for fixed and mobile high-speed broadband networks, today celebrated its successful listing on NYSE Euronext (NYX) in Paris.
Ekinops was founded in 2003 by François Xavier Ollivier et Jean-Luc Pamart, telecom experts specializing in optical communications. The group designs and delivers innovative data transport solutions and equipment using high-speed broadband optical fiber to telecom operators. Ekinops focuses on the global fiber-optic data transport market, now expanding rapidly due to skyrocketing dataflows handled by networks. The company is headquartered in Lannion, France, with a subisidary in the United States and sales offices in the United Kingdom, Northern and Eastern Europe, and Israel.
Ekinops (ticker: EKI) was listed through admission to trading of 3,981,146 existing shares and 1,102,915 new shares under a Global Offering. The Global Offering raised a total of €6.7 million.
The admission and issue price of Ekinops was set at €6.11 per share. Market capitalisation stood at around €31 million on the day of listing.
“We are delighted to welcome Ekinops Group to NYSE Euronext, a market offering growth companies a springboard for business development and enhanced visibility,” said Marc Lefèvre, Head of European Business Development and Client Coverage, Listings Europe, at NYSE Euronext. "Ekinops now benefits from the range of solutions offered by its partner NYSE Euronext - solutions that will enable it to raise both its equity and its profile."
Didier Brédy, Chairman and Chief Executive Officer of Ekinops, commented: “Funds raised today give Ekinops the financial resources we need to step up the pace of development and cash in on strong future growth in demand for optical transport equipment. This is particularly true for 100G technology, which allows telecom operators to meet soaring demand for data transport on very high-speed networks. We will be beefing up our sales teams to win new customers, but will also continue to invest in R&D to hold onto our edge in technology and offer the widest, most effective range of solutions possible.”