- €132.2 million raised – market capitalisation of €425.7 million
- 27th listing of a cleantech company on Euronext in 2021
Paris – 24 June 2021 – Euronext today congratulates Hydrogène de France (HDF), specialist and global pioneer in hydrogen energy, on its listing on compartment B of Euronext’s regulated market in Paris (ticker code: HDF).
Created in 2012, Hydrogène de France develops infrastructures for the production of electricity from hydrogen derived from renewable wind and solar energy. Hydrogène de France intends to become a world leader in the development of power plants based on hydrogen and renewable energy. The IPO will allow Hydrogène de France to pursue its ambitious development strategy, with a particular focus on developing manufacturing capacity and strengthening its technological advantage in the field of high-power fuel cells.
Hydrogène de France was listed through the admission to trading of the 13,711,454 shares making up its equity of which 3,703,704 were new shares issued under a Global Offering, excluding the exercise of the extension option.
The admission and issue price of Hydrogène de France shares was set at €31.05 per share. Market capitalisation was €425.7 million on the day of listing. The Offering raised €132.2 million altogether.
The Offering was a resounding success with international institutional and individual investors. The Global Placement was oversubscribed 1.5 times at the Offer price and the Open Price Public Offering was over-subscribed 3.1 times.
Damien Havard, CEO and founder of Hydrogène de France, said: “We are very pleased and proud of the confidence shown by French and foreign institutional investors, as well as by individual investors, who participated in our IPO. We would like to express our warm thanks to them. With this transaction, the company has acquired the financial means to accelerate its development on the hydrogen energy market, which is booming in all regions of the world. As a world pioneer in the sector, Hydrogène de France intends to take advantage of the strategic position it has acquired through the high-quality work of all its teams, to become a leader in the development of projects for continuous or on-demand electricity production plants based on hydrogen and renewable energies. The strategic partnerships signed with Rubis and Teréga Solutions, now shareholders in the company, demonstrate the relevance of our vision and will be a real catalyst for our future development.”
Caption: Damien Havard, CEO and founder of Hydrogène de France, and his team rang the bell during a ceremony this morning together with Camille Leca, Head of Listing France at Euronext, to celebrate the Initial Public Offering of Hydrogène de France.
 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.