Paris –25 June 2014 – EnterNext, the Euronext subsidiary dedicated to promoting and growing the market for SMEs, today congratulated Serge Ferrari, a company that designs, produces and distributes high-tech eco-responsible flexible composite materials, on its listing in Euronext’s Compartment C in Paris.
Founded in 1973, French industrial group Serge Ferrari is present on all continents. It is a world leader in developing, designing, producing and distributing innovative flexible materials used by architects, speciality materials for professionals, and composite fabrics for consumer goods, particularly outdoor furniture, sailing, and more.
Serge Ferrari products are on display at the 2014 World Soccer Cup in Brazil’sCuiabá, Natal and São Paulo sports stadiums.
SergeFerrari Group (ticker code: SEFER) was listed through the admission to trading of 8,673,450 shares making up its equity and the issue of 2,429,111 new shares issued in a Global Offering, after full exercise of the extension option and over-allotment option. The Global Placement was oversubscribed four times by a large number of French and international investors. The Open Price Public Offering was oversubscribed 2.4 times.
The admission and issue price of SergeFerrari Group shares was set at €12per share. Market capitalisation was €142.1million on the day of listing. The offering raised €38million altogether.
“We are delighted at the successful listing of SergeFerrari Group, a family-owned SME focused on manufacturing. Listing on Euronext will bring the company the visibility it needs to press ahead with its international growth strategy,” said Eric Forest, Chairman and CEO of EnterNext.
Sébastien Ferrari, Chairman and CEO of Serge Ferrari added: “We are very happy with investors’ strong response and the resounding success of our IPO. Funds raised will enable us to step up the pace of our international growth and invest in both capital equipment and innovation to drive profitable long-term growth.”