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Cabasse: great success of its IPO


(CercleFinance.com) – Cabasse, a French luxury high-fidelity audio company, announces the great success of its capital increase on the occasion of its IPO on the Euronext Growth® market in Paris.

Overall demand stood at 510,854 shares, representing an overall oversubscription rate of 3.2 times the number of shares offered.

Based on the subscription price of €9.42, overall demand thus amounted to €4.8 million, of which €2.9 million in connection with the global placement and €1.9 million in connection with the firm price.

The Cabasse Board of Directors, meeting today, decided to exercise the entire extension clause, allowing a capital increase of 1.7 ME to be carried out.

Alain Molinié, Chairman and CEO of Cabasse, declares: ‘just over 70 years after the creation of the company Cabasse, an iconic French brand in acoustic engineering, and 8 years after its acquisition by the Group, we are proud and happy to ‘to announce the successful IPO of the first luxury high-fidelity audio company on the Euronext markets’.

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