KALRAY SA

Kalray lists on Euronext Growth

KALRAY

"We are delighted with investors’
enthusiastic response to our IPO."

QUOTES   |  PRESS RELEASE   |  WWW.KALRAYINC.COM

 

Kalray S.A.

Kalray is the pioneer of processors for new intelligent systems. As a real technological breakthrough, “intelligent” processors have the capability to analyze on the fly, and in an intelligent manner, a very large amount of information, make decisions and interact in real time with the outside world. These intelligent processors are to be extensively deployed in fast-growing sectors such as new-generation networks (intelligent data centers) and autonomous vehicles, as well as healthcare, drones and robots. The Kalray offer encompasses processors as well as complete solutions (electronic boards and software).

"Funds raised will finance our technology roadmap and rollout of new generations of intelligent processors, including our third-generation Coolidge processor starting in 2019, and the large-scale deployment of Kalray products” 
Eric Baissus,
CEO Kalray S.A.

 

KALRAY SA

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Identification

ALKAL
Name: KALRAY SA
Market: Euronext Growth Paris
Subsector: Semiconductors
Isin code: FR0010722819
Symbol: ALKAL

Operation

IPO Date: 12/06/2018
Issue type: Initial Public offering
IPO Price: EUR 22
Price range: EUR 17.66 - EUR 23.88

Company Profile

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News

Date Title
12 Jun 2018 Kalray lists on Euronext Growth expand

€43.5 million raised; market capitalisation of €95.4 million

Paris – 12 June  2018 Euronext today announced the listing of microprocessor specialist Kalray, France’s largest IPO since 2012 on its Euronext Growth market. 

Founded in 2008, Kalray designed and developed MPPA® (Massively Parallel Processor Array), a unique microprocessor architecture that expands real-time computing power exponentially while keeping energy consumption very low. The company is a spin-off of CEA, France’s Alternative Energies and Atomic Energy Commission, and is now present internationally with over 65 employees based in Grenoble in France and Los Altos in the United States.

Kalray (ticker symbol: ALKAL) was listed on 12 June 2018 through the admission to trading of 4,336,020 shares making up its capital, including 1,976,649 new shares issued through a Global Offering[1].

The offering price was set at €22 per share. Market capitalisation on the day of listing was around €95.4 million, and the operation raised a total of €43.5 million.

Kalray CEO Eric Baissus has declared- “We are delighted with investors’ enthusiastic response to our IPO. We would like to extend warm thanks to both institutional and retail investors for their trust and strong support for Kalray’s listing, and also thank the industrialists that have become shareholders, confirming the potential of our technology. We also want to thank our existing shareholders who have renewed their support for our ambitious growth strategy. Funds raised will finance our technology roadmap and rollout of new generations of intelligent processors, including our third-generation Coolidge processor starting in 2019, and the large-scale deployment of Kalray products.”

 

[1] The Global Offering was made up of a Public Offering that included an Open Price Offer (OPO) in France and a Global Placement with institutional investors in France and other countries.

About Kalray
 
Kalray is the pioneer processors for new intelligent systems, offering “intelligent” processors that mark a truly breakthrough technology. Designed to analyze very large amounts of data on the fly, and in an intelligent manner, making decisions and interacting in real  time with the outside world. These intelligent processors will be extensively deployed in fast-growing sectors such as new-generation networks (intelligent data centers) and autonomous vehicles, as well as healthcare equipment, drones and robots. Kalray’s offering encompasses both processors and complete solutions (computer boards and software). Created in 2008 as a spin-off of CEA (“Commissariat à l’Énergie Atomique”, the French Alternative Energies and Atomic Energy Commission), Kalray addresses a broad spectrum of customers, including server manufacturers, intelligent system integrators and consumer product manufacturers, such as car makers. For more information, visit www.kalrayinc.com.

12 Jun 2018 IPO Kalray expand

Kalray lists on Euronext Growth

Eric Baissus, Chairman of Kalray closed the European trading day in Paris

Kalray is the pioneer of processors for new intelligent systems. As a real technological breakthrough, “intelligent” processors have the capability to analyze on the fly, and in an intelligent manner, a very large amount of information, make decisions and interact in real time with the outside world. These intelligent processors are to be extensively deployed in fast-growing sectors such as new-generation networks (intelligent data centers) and autonomous vehicles, as well as healthcare, drones and robots.