Paris – 7 May 2014 – EnterNext, the Euronext subsidiary designed to promote and grow the market for SMEs , today announced the listing of Innoveox, a company supplying solutions for the final treatment and recycling of toxic industrial waste, on Alternext in Paris.
Founded in 2008, Innoveox offers industrialists a comprehensive and eco-friendly turnkey service for the final disposal and recycling of toxic organic waste including oils, solvents and pesticides. The company has built its offering on its pioneering energy-positive Oxydation HydroThermale Supercritique (OHTS) technology, which is patented worldwide. OHTS was developed over nearly 15 years of research at CNRS and the Institut de Chimie et de la Matière Condensée de Bordeaux (ICMCB) owned by the company.
Innoveox (ticker code: ALIOX) was listed through the admission to trading of the 3,691,214 ordinary shares making up the company’s equity and 1,782,500 new shares issued under a Global Offering , including full exercise of the extension option and before possible exercise of the over-allotment. Total demand was €14.3 million including €4.9 million for the Global Offering and €9.4 million for the Open Price Public Offering.
The admission and issue price of Innoveox shares was set at €8 per share. Market capitalisation was around €43.8 million on the day of listing. Altogether the offering raised nearly €14.3 million before the over-allotment option.
“We want to extend an enthusiastic welcome to Innoveox, active in the world market for toxic industrial waste treatment, as it lists on Alternext. Listing will raise awareness of its innovative technology with investors and promote its development projects,” said Eric Forest, Chairman and CEO of EnterNext.
Jean-Christophe Lépine, Chief Executive Officer of Innoveox added: “I’m touched by the success of our listing, and the trust that investors — both institutional and individual — have shown in responding so massively. This is a milestone in Innoveox’s development. The funds raised will allow us to step up financing of the commercial roll-out already well under way.”