Parrot lève 300 M€ sur Euronext Paris


Rights issue in France a resounding success, market capitalisation over €680 million

Paris – 16 December 2015 EnterNext, the Euronext subsidiary dedicated to promoting and growing the market for small and medium-sized companies (SMEs), today congratulated Parrot, a pioneer in wireless products, on its successful rights issue on Euronext Paris. It was the largest capital increase of a mid-size French tech business in recent years.

Founded in 1994 by Henri Seydoux, Parrot creates, develops and markets advanced technology products in three main sectors: civil drones for consumers and professionals, automotive and connected objects. In just a few years, the company has made a name for itself in its field and become a symbol of the fast-growing French presence in new technologies for the global market. Parrot has 20 subsidiaries worldwide and distributes its products to consumers and professionals in over 80 countries.

Parrot’s rights offering took place through the issue of shares carrying stock warrants, with shareholders’ preferential subscription rights maintained. New common stock—17,575,278 shares in all—was subscribed at a unit price of 17 euros. The share capital increase came to 141% of the company’s market capitalisation. The total number of shares admitted to Euronext Paris was 30,008,941, setting the total nuumber of shares at the close of the transaction at 30,129,052. The offering, which was supported by the company’s founding Chairman and CEO Henri Seydoux through his holding company Horizon in an amount of €93 million, attracted a large number of international investors, particularly in the United States and in China. It was oversubscribed, with total demand of approximately €426 million representing around 142% of the amount of the offer.

Henri Seydoux, Parrot’s Chairman and CEO, said: “Parrot first listed on Euronext in 2006, our growth was self-financed until we emerged as a world-class player in civil drones for consumers and professionals. This transaction will allow us to step up the pace of growth and strengthen our leadership in a fast-growing market with scope that matches our ambitions. A new industry is taking shape and I am delighted that investors and shareholders have seized this opportunity to create a world leader in drone technology here in France.”

Eric Forest, Chairman and CEO of EnterNext added: “This listing is a benchmark for the  Paris market: it proves the appeal that French technology holds for international investors and demonstrates that large rights offerings are entirely possible in Europe. The initiatives deployed by EnterNext on behalf of innovative companies are aimed precisely at boosting the profile of our listed companies with investors.”

About Parrot
Founded in 1994 by Henri Seydoux, Parrot creates, develops and markets advanced technology wireless products for consumers and professionals. The company builds on shared technological expertise to innovate and expand in three primary markets:

  • Civil drones: with leisure quadricopters and solutions for professional use.
  • Automotive: with the most extensive range of hands-free communication and infotainment systems for vehicles on the market today.
  • Connected objects: with a focus on audio and gardening.

Headquartered in Paris, Parrot currently employs more than 900 people worldwide and generates the majority of its sales overseas. Parrot has been listed on Euronext Paris since 2006. (FR0004038263 – PARRO). For more information, visit


Press Release Footer

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.  
For the latest news, follow us on Twitter ( and LinkedIn (

This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.

This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at

© 2023, Euronext N.V. - All rights reserved.