Paris, 7 May 2013 – YMAGIS, a company specialized in services and digital technologies for the film industry, today celebrated its successful listing on NYSE Euronext (NYX) in Paris.
Founded in 2007 by Jean Mizrahi and Christophe Lacroix, YMAGIS supplies digital solutions and equipment to professionals in the film industry. Initially focused on France, where it signed its first exhibitor contracts in 2008 and 2009 with many independents as well as regional and nationwide chains including MK2, Cinéville, Capcinéma, and the Font and Majestic groups, the company quickly expanded into other European markets, including Germany, Spain and the Benelux countries. With 90 employees at 31 December 2012, YMAGIS plans to continue expanding its client base and technologies within Europe through both internal growth and acquisitions.
YMAGIS (ticker: MAGIS) was listed through the admission to trading of 4,982,864 existing shares and 1,512,667 new shares issued under a Global Offering. The Global Offering raised a total of €11.6 million.
The admission and issue price of YMAGIS shares was set at €7.65 per share. Market capitalization stood at around €49.7 million on the day of listing.
“We are delighted to enter a long-term partnership with YMAGIS and hope to welcome many other companies in the film industry to our European market in the near future. This listing illustrates the wide range of business sectors represented on the Paris Bourse, which make us what we are today,” said Marc Lefèvre, Head of European Business Development and Client Coverage, Listings Europe, at NYSE Euronext. “With this major operation, YMAGIS will accelerate its international positioning in a market now undergoing sweeping change, and generate the resources it needs to seize new opportunities.”
Jean Mizrahi, Chairman and CEO of YMAGIS, commented:: “I would like to thank all of the institutional and individual investors, both French and European, that demonstrated their trust in YMAGIS by taking part in our listing. The funds raised will enable us to tackle the next stage in our development and create value for these shareholders as we work to become Europe's top provider of services and digital technologies for the film industry. Working together, we will build the cinema of the future.”
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