Electro Power Systems s’introduit sur Euronext Paris

Back

Raises €14.2 million, market capitalisation totals €52.2 million

Paris – 22 April 2015–Euronext today welcomed Electro Power Systems, a company specialising in smart hydrogen-based systems for energy storage, to listing in Compartment C of Euronext’s regulated market in Paris.

Electro Power Systems was founded in 2005 in Italy, at Turin’s Universita Politecnico di Torino. Since 2007 it has developed hydrogen-based energy storage solutions to offer emergency power, backup systems and, more generally, auxiliary power supplies in the event of disruptions. In 2012, EPS presented ElectroSelf™ a self-recharging battery using hydrogren and designed for both residential and grid applications. This unique technology stores then frees the power of hydrogen for use as a clean and sustainable energy source.

Electro Power Systems (ticker symbol: EPS) was listed through the admission to trading of 7,147,452 ordinary shares, including 1,941,177 new shares issued under a Global Offering[1], before exercice of the over-allotment option.

The admission price and issue price of Electro Power Systems was set at €7.30 per share. Market capitalisation on the day of listing was €52.2 million, and the operation raised a total of €14.2 million

Electro Power Systems CEO Carlalberto Guglielminotti, said: “The success of Electro Power Systems’ IPO on the regulated market of Euronext Paris praises our ambition to become a key player in the Energy Transition.This success demonstrates the confidence of investors in our growth prospects. Thanks to the backing of its shareholders and its unique positioning, EPS is in a strong position to pursue its development to unlock the Energy Transition with cost-effective and accessible storage solutions.”

Albert Ganyushin, Head of International Listings at Euronext added : “We are very pleased to welcome Electro Power Systems on Euronext, the leading stock exchange for high-growth innovative companies from across Europe.  Electro Power Systems is a great addition to our market , and the company’s choice of  listing venue highlights the attractions of Euronext’s international listing franchise to a broad range of technology companies including those in the Cleantech sector. The company listing and IPO demonstrate the advantages of using public markets as a source of financing for high growth innovative companies and venture capital investors. EnterNext, our subsidiary dedicated to promoting capital markets to SMEs, is focused on easing access to capital markets for these companies through a number of initiatives.”



[1]TheGlobal 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

 

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 close to 2,000 listed issuers and around €5.8 trillion in market capitalisation as of end June 2022, 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.

© 2022, Euronext N.V. - All rights reserved.