The share price was set at the bottom of the range at 11.38 euros.
| Photo credits: Charwood Energy
12.4 million euros: this is the amount raised by Charwood Energy on the occasion of its IPO. The Breton specialist in biomass energy recovery solutions (boiler room and heat networks, methanisation and pyrogasification units) specified that the extension clause and the over-allotment option were not exercised. The price of the shares was set at 11.38 euros, i.e. the lower limit of the indicative range, which went from 11.38 euros to 15.38 euros per share, which brings the market capitalization to approximately 59.2 million euros. euros.
The service rate for orders A1 (from 1 to 250 shares inclusive) and A2 (over 250 shares) is 100%. 8.46 million euros had already been secured in the form of a subscription commitment with Eiffel Gaz Vert, a leader in financing the renewable gas sector in France. Trading on Euronext Growth will begin on Wednesday July 13.
As a reminder, the amount raised will be allocated in large part (70%) to the contribution of equity in the project companies (SPV) intended to carry the pyrogasification units. The funds will also be used to improve the group’s ability to finance external growth operations. Finally, the teams operating on the plants producing renewable energy from biomass will be reinforced, in France and abroad. In 2021, Charwood Energy’s turnover stood at 4.6 million euros, but the Breton company plans to cross the 100 million mark by 2027.
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