(CercleFinance.com) – Euronext announces the initial public offering of Cabasse on EuronextGrowthParis.
The introduction was carried out following an exceptional distribution in kind of 50.1% of the shares making up the capital of the company Cabasse to the shareholders of the parent company VEOM GROUP, up to the amount of one Cabasse share received for 5 shares. VEOM GROUP.
The 1,028,500 Cabasse shares making up its capital were thus admitted to trading on EuronextGrowthParis on December 1, 2022.
An oversubscribed capital increase operation also took place from November 17, 2022 to December 1, 2022 with an offer price set at 9.42 euros per share. This led to the issue of 183,121 new shares including the full exercise of the extension clause, thus representing a capital increase of 1.7 million euros.
‘This fundraising aims to place Cabasse among the world leaders in the Wireless segment of the Luxury Home Audio market, by continuing to expand the widest range of luxury and high-resolution connected audio solutions and by strengthening our commercial positions internationally,” commented Alain Molinié, CEO.