Paris, 13 November 2013 – EnterNext, the NYSE Euronext subsidiary dedicated to promoting and developing the SME market, today congratulated composite and plastic injection molding specialist RocTool on its transfer from the Free Market to NYSE Alternext in Paris.
Founded in 2000 in the French Alps, RocTool designs and markets rapid molding processes for composites, plastic injection and, soon, metals, using its patented Heat & Cool technology. Processes are aimed at innovative industries including consumer electronics, automotive, sports and leisure, as well as high-end cosmetics.
With a unique “licencing out” model that generates recurrent revenues, RocTool currently holds 80 patents and is developing its innovative rapid molding solutions with 40 licence holders in over a dozen countries. In 2013 the group opened two new subsidiaries, one in the USA and the other in Taiwan, to strengthen its positions in plastics and composites, and adapt its processes to metal.
RocTool (ticket symbol ALROC) was listed through the admission to trading of 2,500,382 existing shares making up the company’s equity and a private placement of 425,029 shares — all newly issued — representing a total amount of around €3.6 million placed with qualified investors at a price of €8.47.
“We are delighted to welcome RocTool to NYSE Alternext, a market tailored to SMEs’ needs. Its transfer from the Free Market to NYSE Alternext illustrates NYSE Euronext’s capacity to offer companies a market plus a wide range of services that are constantly being adapted to their needs and ambitions,” said Eric Forest, Chairman and CEO of EnterNext.
Alexandre Guichard, Chairman of RocTool, said: “I’m very happy that our listing has been so successful. Our transfer to NYSE Alternext and related capital increase have boosted RocTool’s credibility and will enable us to pursue a growth strategy focusing on international markets. We will also be stepping up our R&D to continue to offer new developments of our innovative induction technology, making it essential for major brands and their suppliers.”
To celebrate listing, Alexandre Guichard rang the Opening Bell for NYSE Euronext’s European market. He was accompanied by RocTool’s management teams, advisors and financial and legal affairs partners, along with teams from EnterNext. He also presented a €2,500 check to the Make a Wish foundation, which grants wishes to children with life-threatening illnesses.