€7.99 MILLION RAISED – MARKET CAPITALISATION OF €28 MILLION
Paris – 22 July 2020 – Euronext today congratulated ENERGISME, a French producer of energy management software, on its listing on Euronext Growth in Paris )
Founded in 2004 and taken over in 2015 by energy sector specialists, ENERGISME has developed a SaaS technology platform to accelerate company and building energy performance (energy service providers, energy suppliers and distributors, manufacturers and property managers) by using intelligent data to achieve financial, operational and environmental gains that are both substantial and measurable. Boosted by its platform’s technological and operational features and thanks to €18.5 million in investments, ENERGISME already has 114 key accounts. A white-label solution is also sold through blue-chip industry players.
ENERGISME (ticker code ALNRG) was listed on 22 July 2020 through the admission to trading of the 6,036,920 shares making up its capital. This includes the 1,720,430 new shares issued as part of a Global Offering[1].
The admission and issue price was set at €4.65 per share. Market capitalisation was €28 million on the day of listing, and the offering raised a total of €7.99 million.
With global demand at €27.57 million, the IPO was a resounding success with both French and international institutional investors and with individual investors. The Global Placement was oversubscribed 3.3 times and the Fixed Price Offer was oversubscribed 4.6 times.
At the listing ceremony, ENERGISME’s Chief Executive Officer Thierry Chambon said : “We are thrilled with the success of our IPO. Thanks to the great growth visibility offered by our SaaS development model, we were able to secure nearly €7 million in subscription commitments from institutional investors at the outset of our launch. We have also benefited from our dedication to energy performance -- an issue of vital importance for businesses and the planet. We are also delighted with the keen interest of individual investors, who accounted for over €3.7 million of requests, despite the exceptional circumstances linked to the current health crisis. In the face of such an unprecedented situation, we have had to demonstrate both agility and innovation, with the support of our partners. Which makes us even prouder of our success! With the funds raised, we can now scale up and offer a digital foundation for the energy transition ecosystem. I am grateful to all of our staff, our customers and our shareholders for making this journey possible -- a journey that that has only just begun!”
[1] 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.