Paris, 18 April 2012 – ID Logistics, a leading contender in contract logistics, has listed on NYSE Euronext in Paris.
Founded in 2001, ID Logistics supplies logistics services and solutions that optimise supply chain management for large distributors and manufacturers in France and abroad, particularly in emerging conomies. With over 9,000 employees and 121 production sites in 11 countries, ID Logistics plans to step up its international growth to meet customers’ needs.
ID Logistics (ticker: IDL) was listed through the admission to trading of 4,105,860 existing shares and 1,368,620 new shares issued under a Global Offering1, before possible exercise of the Over-allotment Option. The Global Offering raised a total of around €29 million.
The admission and issue price of ID Logistics shares was set at €21. Market capitalisation stood at around €115 million on the day of listing.
“We are delighted to welcome ID Logistics to our European market,” said Marc Lefèvre, Head of European Coverage at NYSE Euronext. “As the world’s leading trading platform, our role is to help promising, independent SMEs like ID Logistics as they move into international markets and compete with foreign contenders. Stock-market listing gives a company added credibility thanks to the transparency and commitments it involves. It testifies to a business’s momentum, opening to the world outside and commitment to growth – which makes it a great asset on international markets.”
Eric Hémar, founder, Chairman and CEO of ID Logistics, added: “We are very pleased with the success of our listing on NYSE Euronext. Investors have responded to a sound business model that is particularly relevant in today’s world, and I would like to thank all our new shareholders for their confidence. Stock-market listing is a key step in our growth. It brings us the financial resources we need to continue to grow quickly, both in France and abroad, and to play an active role in sector consolidation. It also raises our profile in the international arena.”
1 The Global Offering was made up of an Open Price Public Offering and a Global Placement with institutional investors in France and othercountries.