ALD

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Identification

ALD
Name: ALD
Market: Euronext Paris
Capitalization compartment: Compartment A
Subsector: Business Support Services
Isin code: FR0013258662
Trading code: ALD
Symbol: ALD

Operation

IPO Date: 16/06/2017
Issue type: Initial Public offering
IPO Price: EUR 14.30
Price range: EUR 14.20 - EUR 17.40

Company Profile

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News

Date Title
16 Jun 2017 ALD shifts gear to Euronext listing expand
  • IPO of the European leader in vehicle leasing
  • Largest listing in Paris since 2015—and largest in Europe in 2017 to date based on market capitalisation
  • A market capitalisation of around €5.78 billion and a total offer size of around €1.16 billion

Paris – 16 June 2017 – ALD, a global leader in full service vehicle leasing and fleet management services, today celebrated its listing in compartment A of Euronext Paris’ regulated market. This is the largest IPO in Paris since 2015 and marks a return to large-scale listings on the French market. ALD will trade under ticker code ‘ALD’.

A Société Générale subsidiary, ALD operates at all stages of the vehicle leasing value chain, offering innovative car rental solutions to corporate and private customers. The company directly manages over 1.4 million vehicles in 41 countries across 4 continents thanks to its 6,000 employees. Having first specialised in fleet management services to corporate clients, ALD is now offering a wide range of mobility services, notably to private customers. ALD is also developing in emerging markets such as Russia, China or, more recently, Latin-America.

ALD was listed through the admission to trading on 16 June 2017 of 404,103,640 shares including 80,820,728 existing shares sold by Société Générale, representing 20% of ALD’s capital. The offer includes an over-allotment option for up to 12,123,109 additional shares sold by Société Générale which can, in the event of an exercise in full, increase the share in ALD’s capital sold by Société Générale up to 23%.

The offering price was set at €14.30 per share. The resulting market capitalisation was close to €5.78 billion on the day of listing, and the total amount of the offer represented €1.16 billion (before the potential exercise of the over-allotment option). 

Mike Masterson, CEO of ALD, said: “I am delighted with the success of ALD's IPO. This is an important milestone in the Group history. ALD's constant focus on operational excellence, innovation and customer service has been instrumental in its success over the years, and I am confident that the visibility gained through the IPO will help the company reinforce its ties with its partners and customers. ALD’s listing will provide extra flexibility to accelerate our expansion and enhance our position as a global leader in the provision of mobility solutions. I look forward to continuing the journey of ALD’s development together with our engaged and talented staff and management team.


About ALD
ALD is the operational leasing and fleet management business line of Societe Generale the largest providers in Europe and a company of reference on its market:

  • Operates directly in 41 countries,
  • Employs over 6,000 people,
  • Manages 1.41 million vehicles (at 31 March 2017).

Combining professionalism and quality of services provides companies with value-added integrated solutions at both national and international levels.
ALD is listed in the Paris stock exchange (Isin: FR0013258662)
For more information, you can follow us on LinkedIn or visit www.ALDAutomotive.com.

16 Jun 2017 IPO ALD expand

Listing of ALD on Euronext

Mike Masterson, CEO of ALD opens the trading day in Paris

ALD specializes in long-term leasing and fleet management. ALD’s activity is organized around 4 areas:
## long-term car leasing: rental of passenger cars, commercial vehicles, electric cars and 2-wheel vehicles to individuals and businesses;
## fleet management: assistance, maintenance, tire management, replacement, insurance, etc. ;
## medium-term car leasing: rental of vehicles for 1 to 12 months;
## sale of used vehicles.
At the end of 2016, the group had a fleet of 1,375,000 vehicles.