€5.1 million raised; market capitalisation €20.3 million
Paris – 15 December 2015 – EnterNext, the Euronext subsidiary dedicated to promoting and growing the market for small and medium-sized companies (SMEs), today announced the listing of online furniture retailer Miliboo on Alternext in Paris.
Founded in 2005, Miliboo creates and sells customized designer furniture in eight European countries (France, Spain, Italy, Germany, United Kingdom, Switzerland, Belgium and Luxembourg). There are over 2,500 own-brand, competitively priced items on its e-commerce site www.miliboo.com and at its “Milibootik”, a physical store at 100, rue Réaumur in Paris. In just a few years, Miliboo has successfully built a brand that has attracted over 190,000 customers.
Miliboo (ticker symbol: ALMLB) was listed through the admission to trading of the 4,827,193 common shares making up its equity, including 1,212,886 new shares issued as part of a Global Offering .
The admission price and issue price of Miliboo was set at €4.21 per share. Market capitalisation on the day of listing was €20.3 million, and the operation raised a total €5.1 million.
Guillaume Lachenal, Chairman and CEO of Miliboo, said: “We want to extend heartfelt thanks to the institutional and individual investors that have joined us for listing. And we also want to thank the longstanding shareholders for their active and unstinting support, and for sharing our strategy of bold growth. Our IPO has raised over €5 million, giving us the financial resources we need to step up our expansion in France and elsewhere in Europe.”
Eric Forest, Chairman and CEO of EnterNext added: “We are delighted to welcome Miliboo to Alternext. Listing offers this online furniture business an outstanding growth opportunity, raising both its profile and the capital it needs to pursue growth in Europe. Miliboo will be able to use the range of services that EnterNext has put in place to raise innovative companies’ visibility with investors.”
Established in 2005, Miliboo is a major player on the internet, creating and selling flexible, customized designer furniture. Its speciality is guaranteed delivery anywhere in France within 24 to 72 hours. The company reported revenue of €14.2m for 2014-2015, a year-on-year increase of 38%, with 85% generated in France and the other 15% in the rest of Europe.