Euronext félicite Coface pour le succès de son introduction sur Euronext Paris

Back

- €832 million placed; market capitalisation of €1.63 billion -

Paris – 27 June 2014 – Euronext today congratulated Coface, one of the world’s leading trade credit insurance companies, on listing in Compartment A of its regulated market in Paris (ticker code: COFA).

Ranked third worldwide in trade credit insurance, Coface has been assessing and preventing credit risks and protecting companies from the risk of default by clients for nearly 70 years. Its expertise is based on its unique knowledge of companies’ payment behaviour and on the expertise of its 350 underwriters located close to clients and their debtors. Present directly or indirectly in 97 countries and supported by its 4,440 employees, Coface secures the transactions of over 37,000 companies in more than 200 countries.

Coface was listed through the admission to trading of the 156,841,307 shares making up its equity including 79,989,067 existing shares sold by Natixis under a Global Offering[1] before potential exercise of the over-allotment option.

The admission and issue price of Coface shares was set at €10.40per share. Market capitalisation was €1.63 billion on the day of listing. The placement totalled €832million.

Anthony Attia, Chairman and CEO of Euronext Paris, said “We are delighted with the successful listing of Coface, a world leader in a rapidly expanding field of business, on our regulated market in Paris. By putting their trust in Euronext, Coface has confirmed our role as a benchmark for international companies, thanks to out unparalleled visibility and outstanding access to a large community of investors.”

Marc Lefèvre, Euronext’s Head of Business Development and Client Coverage, Listings, noted “We are very happy to welcome Coface back to listing on Euronext. This is an historic and particularly promising day, with three major listings on two of our markets—Paris and Amsterdam[2]—illustrating our commitment to being a major financial centre in Europe.”

Coface CEO Jean-Marc Pillu said:“During the IPO, we received a warm welcome from investors, who were particularly receptive to us, both in France and abroad. This makes us proud of the work of our teams around the world to build a solid group, which is profitable and has confirmed growth prospects. The IPO is a positive development for the Coface Group. Thanks to the diversity of our shareholding structure, which reflects the multinational dimension of Coface, we can continue to grow, innovate and offer credit insurance solutions that meet the needs of our customers worldwide.”

To celebrate, Coface rang the opening bell for trading on financial markets, accompanied by its advisers and Euronext staff.



[1]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.
[2]Worldline (placing €575 million) on Euronext Paris and IMCD (placing €462 million) on Euronext Amsterdam.

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 close to 2,000 listed issuers and around €5.8 trillion in market capitalisation as of end June 2022, 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.

© 2022, Euronext N.V. - All rights reserved.