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Mare Nostrum lists on Euronext Growth


€7.99 million raised – market capitalisation €39.7 million

Paris – 4 December 2019 – Euronext today celebrated the listing of Mare Nostrum, an innovative human resource specialist for SMEs, on Euronext Growth in Paris (ticker code: ALMAR).
Mare Nostrum is a recognised recruitment and staffing provider serving customers in construction, manufacturing, transport, logistics and services. With over 100 sales offices across Europe, the Group offers customised recruitment, temporary employment, training, professional mobility and payrolling. Mare Nostrum has grown steadily since its founding and 2018 was no exception, with sales of €149 million, up 36% (including organic growth of 23%). From its origins in the southern half of France and the Nantes and Paris regions, Mare Nostrum Group has expanded into other European countries including Portugal, Romania and Poland.
Mare Nostrum (ticker code: ALMAR) was listed on 4 December 2019 through the admission to trading of the 7, 574,968 shares making up its capital, including 1,526,717 new shares issued as part of a Global Offering. [1]
The reference price was €5.24 per share, setting market capitalisation at €39.7 million, and the IPO raised a total of €7.99 million.
Mare Nostrum joins a community of nearly 250 family-owned businesses listed on markets operated by Euronext, whose FamilyShare programme reflects its commitment to their success.Nicolas Cuynat, Chairman and CEO of Mare Nostrum, said: “We are delighted with the success of our IPO which will enable us to accelerate our expansion and step up our strategy of targeted external acquisitions, becoming a force to be reckoned with in human resource services—a genuine creator of human wealth for SMEs. And we would like to thank all of our investors for their trust and participation.”

[1] The Global Offering was made up of a Public Offering that included an Open-Price Offer in France and a Global Placement with institutional investors in France and other countries.



Pauline Bucaille (Europe/Paris):
+33 1 70 48 24 41


Soraya Pilonchéry
+33 6 20 00 62 63

About Mare Nostrum
For nearly 15 years, Mare Nostrum Group has taken an expert, innovative approach to human resource management, specialising in temporary employment, recruitment, training, payrolling and professional mobility. The Group is present at every stage in the job cycle through a multi-brand offer dedicated to SMEs. Its customised approach focusing on high added-value customers has generated robust and profitable growth. Services are delivered by 270 permanent employees, 12,000 temporary employees and over 100 sales offices in France and abroad. Mare Nostrum is certified as an Innovative Business by Bpifrance and is eligible for PEA-PME investments in France.

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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 more than 1,900 listed issuers and around €6.5 trillion in market capitalisation as of end June 2023, 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.  
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