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17 Oct 2018 French renewable energy unicorn Neoen lists on Euronext expand

€628 million raised; market capitalisation €1.4 billion

Paris – 17 October 2018 Euronext today welcomed Neoen, France’s leading independent producer of exclusively renewable energy and one of the sector’s most dynamic businesses worldwide, to Compartment A of its regulated market in Paris. This was the largest IPO in Paris in 16 months, and the largest clean-tech IPO in Europe this year.

An active player in the energy transition and the fight against climate change, Neoen is an independent producer of renewable energy that has expanded rapidly in France and on international markets in Europe, Australia, North and South America, and Africa. Founded in 2008, the company develops, owns and operates land-based solar parks and wind farms. Its assets include one of Europe’s largest solar parks, in Cestas in southwestern France (Gironde), generating 300 megawatts. Listing will enable the company to finance further growth. Neoen was recognised as a “future unicorn” at the 2018 Trophée des Futures Licornes ceremony organised by Entreprenur Venture, Euronext, EM Lyon business school, Roland Berger and Reputation Age.

Neoen (ticker code: NEOEN) was listed on 17 October 2018 through the admission to trading of 84,919,998 shares representing its entire capital, including 38,073,521 shares allocated[1] as part of a Global Offering[2], before potential exercise of the over-allotment option.  

The offering price was set at €16.50 per share. Market capitalisation on the day of listing was around €1.4 billion, and the operation raised a total of €628 million.

At the listing ceremony, Xavier Barbaro, Chairman and CEO of Neoen, said: “We are very proud of our successful market debut. Neoen is the first French unicorn specialising in renewable energies to list on Euronext Paris, and the market’s largest listing in the past 16 months. In particularly demanding market conditions, this reflects great confidence in our strategy, our positioning and our growth potential. We would like to extend warm thanks to our shareholders, old and new, and to our workforce, our advisers, and Euronext Paris, who helped make our listing a success.”

[1] Including 27,272,727 new shares and 10,800,794 existing shares sold by Neoen SA shareholders.

[2] 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 Neoen
Founded in 2008, Neoen is one of the world’s leading independent producers of renewable energy, and the leader in the French market. It contributes to the effort to counter global warming and drive the energy transition by producing sustainable electricity locally and on a large scale, at increasingly competitive rates. Neoen is a socially responsible company whose long-term vision translates into a strong, sustainable growth strategy. It  expects to have more than 5 GW of capacity in operation or under construction by 2021.

17 Oct 2018 Neoen lists on Euronext expand

Xavier Barbaro, CEO of Neoen, opens the trading day in Paris.

Neoen is a leading independent producer of renewable energy (the first independent producer of electricity from renewable energy in France), whose activity focuses on solar and wind power production, as well as on the development of advanced energy storage solutions. Neoen is mainly present in three geographical areas, namely the Europe-Middle East-Africa region (notably in France, Portugal and Ireland), Australia and the Americas region (notably in El Salvador, Mexico, Jamaica, Argentina and the United States).
As at June 30, 2018, the group owned and operated photovoltaic and wind power facilities, representing a combined installed capacity of 1,830 MW in operation and under construction (including 126 MW for energy storage facilities), plus 15 MW of installed capacity for the group's biomass plant. Of the 1,830 MW, 1,011 MW came from photovoltaic installations and 819 MW from wind farms.