€2.53 million raised; market capitalisation €13.5 million
Paris – 12 January 2016– EnterNext, the Euronext subsidiary dedicated to promoting and growing the market for small and medium-sized companies (SMEs), today celebrated the listing of Immersion, a major international player in innovative 3D technologies dedicated to virtual reality, on Alternext in Paris.
Christophe Chartier founded Immersion in 1994, inspired by a key insight: “Virtual reality will be the workbench of tomorrow.” Since then the company has grown, staying out ahead of trends shaping the market for virtual reality and collaborative solutions. Nearly 22 years on, it has listed on Alternext Paris, raising €2.53 million to fund further growth. Immersion now plans to move into new markets, offering its product lines to a broader client base, while pursuing R&D and innovation, beefing up its workforce and raising its profile. Priorities include structuring its operations, consolidating its historic business, and expanding Shariing, a universal collaborative platform that connects virtual reality systems with meeting rooms and remote staff.
Immersion (ticker symbol: ALIMR) was listed through the admission to trading on Alternext Paris of the 1,236,044 common shares making up its equity, following a private placement with qualified investors.
The admission price and issue price of Immersion shares was set at €10.95. Market capitalisation on January 5, 2016, the day of listing, was €13.5 million.
Christophe Chartier, Chairman and CEO of Immersion, said: “I want to thank all of our new shareholders for their trust. This transaction, our company’s first IPO, gives us the resources we need to step up the pace of growth and consolidate our technological edge. Listing will be a major success driver as we focus on adding new customers to the big accounts already in our client base. I also wish to thank all of our employees for their hard work and dedication.”
Eric Forest, Chairman and CEO of EnterNext, added: “Immersion is our first listing in 2016, and we are delighted to welcome it to our markets. By joining Alternext, this innovative Bordeaux-based business is joining a community of 330 SMEs specialised in technology, a sector that we are particularly proud to support through a series of initiatives designed to boost stocks’ visibility with investors.”
Immersion has been creating 3D experiences since 1994.
The company is a European expert and international major player in innovative, immersive and collaborative 3D technologies for industry and research. Since 1994, Immersion has created and integrated top-of-the-range devices for display and interaction, used to test, design, simulate and validate digital models in real time. Its multidisciplinary team supports customers by analyzing their needs in set-up and maintenance of immersive and collaborative 3D solutions. Immersion’s customer base includes well-known names such as Airbus Group, Dassault Aviation, Thales Group, PSA Peugeot Citroën, Renault, Alstom Transport, AGCO-Massey Ferguson, SNCF, DCNS, Dassault Systèmes, Lectra, Bouygues Construction, CEA, DGA, Nexter, CGG, Getinge, INRIA, CNRS, CS, Diginext, IRIT, Saint-Gobain, Daher, Xerox and Essilor.