Fermentalg s’introduit sur Euronext à Paris

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Paris 16 April 2014 – EnterNext, the Euronext subsidiary designed to promote and grow its market for SMEs[1],today congratulated Fermentalg, an industrial biotechnology company producing oils and proteins from microalgae, on its listing on Euronext’s regulated market in Paris (compartment C).

Founded in2009 par Pierre Calleja, Fermentalg is an industrial biotechnology company that specialises in producing sustainable oils and proteins derived from the exceptional properties of microalgae. Its patented technology allows it to target a range of fast-growing global markets, from nutrition and animal feed to cosmetics and health, green chemistry and energy. Fermentalg has already signed its first industrial and commercial joint venture for the production of Omega-3 oils rich in EPA and DHA, as well as several other partnerships with leading industrial groups.

Fermentalg (ticker symbol: FALG) was listed through the admission to trading of 7,399,000 existing shares making up the company’s equity and 4,486,091 new shares issued under a Global Offering[2], including full exercise of the extension option and the over-allotment option.

The company’s IPO was targeted at both French and international institutional investors, as well as individual investors. Total demand amounted to €135 million and the offer was oversubscribed 4.5 times.

The admission and issue price of Fermentalg shares was set at €9.00 per share, at the top end of the indicative price range. The company’s market capitalisation stood at around €107 million. A total of  €40.4 million was raised.

“We want to extend a warm welcome to Fermentalg as it lists on Euronext Paris, in an IPO whose resounding success will help raise the company’s profile in France and abroad. And we are delighted at this opportunity to accompany Fermentalg as it moves ahead with new projects, which will benefit from the financing options offered by the Bourse” said Eric Forest, Chairman and CEO of EnterNext.

Pierre Calleja, founder and Chairman & CEO of Fermentalg added, “We are very pleased with the positive response to our company and the clear success of our IPO. And we would like to thank all of the new investors who have joined us, along with the existing shareholders who renewed their trust in us. Thanks to the funds raised, we now have the financial resources to go out and win markets as we scale up for full industrialization and commercialisation of our first products — creating a new champion to seize the ocean of opportunities that awaits.”



[1]Small and medium-sized 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

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