Début de parcours en bourse pour Balyo

Back

Successful TechShare IPO:  €39.8 million raised, market capitalisation around €109 million

Paris 9 June 2017 – Euronext today welcomed Balyo (ticker code: BALYO), a business specialised in the automation of handling trucks, to compartment C of its regulated market in Paris. Balyo is the second company to list after taking part in Euronext’s pan-European TechShare programme, launched in 2015.

Member of the first TechShare promotion, Balyo benefited a 12-month programme aimed at familiarising participants on the role and functioning of financial markets. This training course enabled the company to assess its listing opportunity on the stock market, in order to reach a new milestone in its development. Balyo joins the 330 tech companies already listed on the Euronext markets.

Balyo transforms standard forklift trucks into stand-alone intelligent robots using its proprietary Driven by Balyo™ technology. The geoguidance navigation system developed by Balyo allows material handling trucks to locate their position and navigate autonomously inside buildings. Within the automated handling vehicles sector, Balyo has signed two strategic partnerships with leading materials handling equipment manufacturers—Kion Group AG, parent company of Linde Material Handling, and Hyster-Yale. Balyo is present in three key geographical areas—America, Europe and Asia-Pacific, and reported 2016 sales of €5.2 million. In 2017, Balyo aims to raise its turnover by more than €15 million. 

Balyo was listed through the admission to trading on 9 June 2017 of 26 449 803 shares, including 9 682 301 new shares issued through a Global Offering[1], including extension option and excluding over-allotment option.

The offering price was set at €4.11 per share. Market capitalisation was around €109 million on the day of listing, and the transaction raised a total of around €39.8 million. 

Fabien Bardinet, Chairman and CEO of Balyo, said “Today we are very pleased to announce our successful initial public offering on Euronext Paris, and at this time we would like to thank all the shareholders and French and international institutional investors who have placed their trust in us with this transaction. Reaching this milestone for Balyo will enable us to maintain our technological lead and accelerate our international development to become a key global player in robotics for the material handling industry.”


[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.

 

 

Press Release Footer

About Euronext 
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With nearly 1,900 listed issuers and around €6.6 trillion in market capitalisation as of end December 2023, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.  
For the latest news, follow us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).

Disclaimer
This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.

This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at www.euronext.com/terms-use.

© 2024, Euronext N.V. - All rights reserved.