Raises €12.7 million with market capitalisation of €51 million
Paris – 16 February 2015 – EnterNext, the Euronext subsidiary dedicated to promoting and growing the market for SMEs,today announced the listing of French video-games publisher Focus Home Interactive on Alternext in Paris.
Founded in 1995, Focus Home Interactive is France's third largest publisher of video games, working with development studios to coordinate production, marketing, sales and finance. The company's successful original titles include Blood Bowl, Tour de France, Sherlock Holmes and Farming Simulator, and it sold 4 million games worldwide in 2014.
Focus Home Interactive (ticker code: ALFOC) was listed through the admission to trading of 1,055,386ordinary shares, including 351,795 existing shares and 703,591 new shares issued under a Global Offering after full exercise of the extension clause.
The admission and issue price of Focus Home Interactive shares was set at the €12.07 per share. Market capitalisation on the day of listing was nearly €51 million. The operation raised €12.7 million.
Jean-Pierre Bourdon, Chairman of the Management Board of Focus Home Interactive said: “We are delighted that so many people have joined us. I would like to thank all of the new investors, professionals and individuals, who will be sharing in our success—over the long term, I hope. I also want to thank our Managing Partner Cédric Lagarrigue and our CFO Deborah Bellangé, who have worked tirelessly with me to bring our project to the financial community. Finally, I would like to acknowledge all of our employees and partners who, through their own engagement, have made this operation such a success. The funds raised will enable us to develop new games with great potential and continue to promote our existing successes while strengthening our worldwide presence.”
Eric Forest, Chairman and CEO of EnterNext said: “We extend hearty congratulations to Focus Home Interactive on its successful listing on Alternext. It’s a pleasure to work with this innovative video game specialist, which is also the seventh company to list on markets covered by EnterNext since the beginning of 2105. Listing will finance its growth and international expansion, and also raise its profile.”
To celebrate Focus Home Interactive's listing, Jean-Pierre Bourdon gave a €10,000 cheque to Les Restaurants du Coeur, a French charity for people in need.