Hipay Group s’introduit sur Euronext Paris

Back

Spin-off of HiMedia Group

Paris – 1July 2015– EnterNext, the Euronext subsidiary dedicated to promoting and growing the market for SMEs[1],today celebrated the listing of HiPay Group, an expert in online payment solutions. HiPay Group listed in Compartment C of Euronext Paris on Monday, 29 June.

HiPay Group was created by the spin-off of payment operations previously owned by digital services specialists HiMedia Group. With over 12 million transactions processed each month, HiPay Group is an expert in online payment solutions. The company brings online publishers and e-retailers substantial added value through next-generation payment solutions for data, mobility and international development. HiPay’s payment solutions are backed by two European banking licenses­—e-money issuer and payment institution—that allow it to support e-merchants in all of their payment needs. The company has offices in six European countries, in Brazil and in the United States and over 125 employees.

HiPay Group (ticker code: HIPAY) was listed through the admission to trading of the 54,504,715 shares making up its equity on 29 June 2015. Listing resulted from the distribution of one HiPay share for each HiMedia share.

The reference price of HiPay Group shares was set at €1.28 per share. Market capitalisation was €70 million on the day of listing.

Gabriel de Montessus, CEO of HiPay Groupsaid:“Listing HiPay Group is a milestone for our company, bringing us the resources we need to pursue growth as an independent entity. We are convinced that listing will give HiPay Group the clout we need to become a key player in online payments and create value for our shareholders. Our aim is to offer the most effective, innovative solutions by constantly refining our proprietary technology and by pursuing our international development to better assist our clients as they grow and extend their reach across national borders.”

Eric Forest, CEO of EnterNext, said:“We are delighted to welcome HiPay Group to the community of issuers listed on Euronext Paris. Following its spin-off, HiPay Group will be able to finance its projects and step up development of its products. We are convinced that our own intiatives in favour of tech companies will help raise HiPay Group’s profile with investors.”



[1]Small and medium-size companies

 

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.