Market capitalisation around €232 million on the day of the listing and the transaction amounted to a total of €51 million.
Paris – 12 May 2017 – Euronext today welcomed Prodways Group, specialist in industrial and professional 3D printing solutions in Europe, to compartment B of its regulated market Euronext Paris. Prodways joins the 330 technology companies listed on the Euronext pan-European markets and reflects this sector’s dynamism. Prodways’ initial public offering has been particularly successful amongst retail investors who have committed around €51 million. This participation is a record for a small and mid-cap company since the creation of EnterNext in May 2013.
A subsidiary of Groupe Gorgé, a family-owned industrial group, Prodways is an integrated player that masters the entire 3D-printing value chain, from the manufacture of machines and associated innovative materials, to the design of parts on demand including small and large production runs. The company offers a wide range of 3D printing systems and manufactures accessories for sectors including aeronautics and healthcare, delivering turnkey solutions to its customers.
The offering price was set at €4.80 per share. Market capitalisation was around €232 million on the day of listing based on the offering price, and the transaction raised a total of €51 million.
“We are very pleased of the amazing reception dedicated to Prodways by French and international investors, and of the remarkable success of our initial public offering”, said Raphaël Gorgé, Chairman and CEO of Prodways Group. “Prodways is uniquely positioned as an integrated European player, and our aim is to become a world leader in industrial 3D printing.”
1 The Global Offering was made up of a Public Offering that included an Open Price Public Offering in France and a Global Placement with institutional investors in France and other countries
About Prodways Group
Prodways Group is a specialist in industrial and professional 3D printing with a unique positioning as an integrated European player. The group has developed right across the 3D printing value chain (machines, materials, parts and services) with a high value-added technological industrial solution. Prodways Group offers a wide range of 3D printing systems and premium composite, hybrid and powder materials (SYSTEMS division). The company also manufactures and markets parts on demand, prototypes and small production run 3D printed items in plastic and metal (Products division). The Group targets a significant number of sectors, from aeronautics to healthcare. In 2016, the company generated revenue of €25.2million, including 58% in international markets. Building on revolutionary and proprietary technology, MOVINGLight®, Prodways Group today has global visibility in the industrial 3D printing sector and with leading customers. Prodways Group is a Groupe Gorgé company.
For more information, visit www.prodways-bourse.com