€5.8 million raised; market capitalisation of around €13.3 million
Paris – 10 July 2018 – Euronext today welcomed “silver technology” pioneer Ordissimo to Euronext Growth in Paris.
Ordissimo designs, develops and markets technology solutions dedicated specifically to seniors. Its business is central to a high-potential market, with the senior population expected to grow by 20% in France by 2030. Ordissimo’s rapid success reflects its range of solutions combining simplicity, functionality, design and performance. The company boasts solid financial performances, having reported growth (revenues up 47% in 2017) coupled with profitability (16.5% EBITDA margin and 11.6% net margin for the last financial year). Ordissimo intends to develop its positions in the French market and internationally.
Ordissimo (ticker symbol: ALORD) was listed through the admission to trading on 10 July 2018 of 2,511,215 shares making up its share capital, including 1,089,015 new shares issued through a Global Offering , after the full exercise of the extension option.
The offering price was set at €5.28 per share. Market capitalisation on the day of listing was around €13.3 million and the operation raised €5.8 million.
At the listing ceremony, Ordissimo CEO and co-founder Alexandre Vielle said: “The resounding success of Ordissimo’s IPO is a source of huge pride for all our employees and for my partners, Christophe Berly and Brice Delmotte. Ordissimo is starting a new chapter in its development. We now have the financial resources to accelerate our drive to win new business and pursue our international expansion. I warmly thank all our new shareholders, institutional investors and individual investors, especially our community of “Ordissinauts” who supported us, for their engagement and their confidence.”
 The Global Offering was made up of a Public Offering that included an Open Price Offer (OPO) and a Global Placement with institutional investors in France and other countries.