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Lepermislibre lists on Euronext Growth Paris

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  • €8 million raised
  • Market capitalisation of €46 million
  • 6th listing on Euronext in 2023
  • 1st driving school listed on Euronext Paris

 

Paris – 13 February 2023 – Euronext today congratulates Lepermislibre, the pioneering French driving education platform, on its listing on Euronext Growth Paris (ticker code: ALLPL).

Founded in Lyon and approved by the French government since 2014, Lepermislibre is reinventing the French driving school market with its unique integrated and scalable proprietary platform. This platform gives candidates access to learning methods and revision courses on the Highway Code tailored to the new habits of the "digital native" generation. Lepermislibre currently has more than 900 state-certified driving instructors who offer lessons from over 1,500 meeting points across France in more than 500 cities in France. Lepermislibre’s offering has already convinced more than 400,000 candidates who can benefit from a price 30% lower than at a traditional driving school.

The IPO of Lepermislibre on Euronext Growth Paris will enable the company to pursue its strategy around three key elements: increasing its visibility nationally, expanding its geographical coverage and network of instructors, and enriching and diversifying its offer.

Lepermislibre was listed through the admission to trading on 13 February 2023 of the 11,982,620 ordinary shares making up its equity and of 2,075,620 new shares issued under a Global Offering[1].

The admission and issue price of Lepermislibre shares was set at €3.83 per share. Market capitalisation was approximately €46 million on the day of listing. The IPO raised €8 million altogether.

Lucas Tournel and Romain Durand, co-founders of Lepermislibre, said: “We are very pleased to announce that we are now a publicly traded company and we are eager to embark on this new phase of Lepermislibre's history together with our shareholders. Since 2019, our growth has been steady, but we do not intend to stop here. We are aiming to achieve a positive operating balance in 2024 and a turnover of between €45 million and €50 million in 2025. Our ambition is strong: to become the French leader in driving education.”

 

lepermislibre -bell_ceremony

Caption: Lucas Tournel and Romain Durand, Founders of Lepermislibre, and their team rang the bell during a ceremony this morning, in the presence of Guillaume Morelli, Head of Listing France at Euronext, to celebrate the IPO of the company.

 

About Lepermislibre

Founded in Lyon in 2014, Lepermislibre is an online driving school at the forefront of the digitisation of the driving training market. Lepermislibre is reinventing driving lessons by providing a disruptive offering compared to traditional players, more aligned with the new habits and lifestyles of the digital native generation that grew up with the development of digital technology.

The cornerstone of its service is that Lepermislibre brings together a community of more than 900 loyal, committed and passionate instructors, all of whom are State-qualified, delivering daily driver training quality with nearly 240,000 lessons rated by candidates since the start of the company, leading to an overall average rate of 4.94/5.

Its digital model, which is more agile, fully transparent and 30% less expensive than traditional driving schools, has enabled it to attract nearly 400,000 candidates already trained in the highway code or the B licence.

With a user rating of nearly 5 stars on Trustpilot, the platform provides personal spaces to offer better learning methods and revisions to the Highway Code, as well as the ability to book driving lessons from over 500 towns and cities and at around 1,500 meeting points throughout France, with the instructor of their choice, 7 days a week, from 6 am to 11 pm, freeing students from time and place constraints.

For more information about the company, visit www.lepermislibre.fr.

CONTACTS mediamediateam@euronext.com

Sarah Mound (Paris)

+33 1 70 48 24 45

smound@euronext.com

CONTACT Lepermislibre

Isabelle Dray

+33 (0)6 63 93 08 15

idray@actifin.fr 

lepermislibre@actifin.fr

[1] 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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