Paris – 30 July 2018 – AudioValley, a pioneer in BtoB digital audio, listed today on the Euronext Growth market in Paris.
Founded in 2003, AudioValley is a Belgian company with three business divisions, all in digital audio: Radionomy, a digital radio audience aggregation and monetisation solution; Storever, a one-stop shop in audio and video point-of-sale broadcasting solutions; and Jamendo, a unique music platform for consumers and professional media projects. The company operates in seven countries (Belgium, France, Germany, Spain, Luxembourg, China and the United States). In 2017 it reported pro forma revenues of €20 million.
AudioValley (ticker symbol: ALAVY) was listed on 30 July 2018 through the admission to trading of 7,731,574 shares making up its capital, including 2,105,388 new shares issued through a Global Offering[1] after partial exercise of the extension clause.
The offering price was set at €4.53 per share. Market capitalisation on the day of listing was €35 million.
On this first day of trading, Alexandre Saboundjian, CEO and founder of AudioValley, said: “We are delighted with the success of AudioValley’s listing on Euronext Growth. I would like to thank all of our new shareholders, both institutional and retail, for their confidence, with particular thanks to the investment professionals that committed to subscribing shares in the pre-IPO period. We now have the financial resources we need to take full advantage of the potential of digital audio. And we are poised to make the most of accelerating growth in all our activities.”
[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.