Spin-off of HiMedia Group
Paris – 1July 2015– EnterNext, the Euronext subsidiary dedicated to promoting and growing the market for SMEs,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.”
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