EnterNext accueille SAFTI pour son introduction sur Alternext Paris

Back

Paris 21 October 2014 – EnterNext, the Euronext subsidiary designed to promote and grow the market for SMEs[1], today congratulated Safti Groupe, a network of independent real-estate advisers present nationwide, on its listing on Alternext in Paris (ticker code: ALSFT).

Safti is a network of 600 independent real-estate advisers working from virtual premises over the internet and present throughout France. From home offices, these advisers handle all aspects of clients’ property transactions, from initial sign-on through signature of deeds at the notary’s office. They offer clients nationwide reach, making extensive use of property listings on the Internet. Safti is on average 30% less expensive than traditional real-estate agencies offering similar services.

Safti was listed through the admission to trading of the 900,000 shares making up its equity following its transfer from the Free Market to Alternext, as well as 240,000 new shares issued in a Global Offering.2

The admission and issue price of Safti shares was set at €10.80 per share. Market capitalisation was around €12.31 million on the day of listing, and the transaction raised a total of €2.59 million.

Gabriel Pacheco, Chairman and CEO of Safti, said: “Despite particularly tough market conditions, we are very happy that this project has come to fruition. It represents a major step in accelerating Safti’s profitable growth. Funds raised will allow us to boost Safti’s visibility through a sweeping nationwide advertising campaign and thus pursue our strong growth while strengthening Safti’s leadership of the virtual real-estate agency market.”

Eric Forest, Chairman and CEO of EnterNext, said “EnterNext is delighted to welcome Safti, an innovative real-estate network, as it makes its debut on Alternext. Stockmarket listing allows fast-growing companies like Safti to raise the funds they need to step up their growth. This transaction also confirms the broad range of sectors represented on our markets.”



[1]  Small and medium-size entreprises.
[2]
The Global 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 nearly 1,900 listed issuers and around €6.6 trillion in market capitalisation as of end December 2023, 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.

© 2024, Euronext N.V. - All rights reserved.