(BFM Bourse) – Several companies have announced that they are aiming for an IPO in recent weeks, such as Verdemobil Biogaz and Planisware.
In the first months of the year, only two companies got into the deep stock market. The specialist in learning to drive online Lepermislibre, inaugurated the operations of the year 2023, with an IPO in February which was followed in April, by that of the Florentaise group, specializing in low-carbon soils.
And contrary to this fairly flat start to the year, the summer could be a little brighter if we rely on the latest declarations of intent from companies wishing to cross the stock market Rubicon. A few weeks ago, Verdemobil Biogaz announced that it was aiming for an IPO. The Vendée SME, founded in 2008, offers an innovative technology which consists of capturing carbon dioxide, i.e. CO2 from biogas, in order to recover it. It relies on the Stock Exchange to finance the deployment of its biogas recovery solution in France, but also internationally.
Verdemobil Biogas and Planisware on track
Verdemobil Biogaz hopes to join Osmosun which is at a much more advanced stage in its IPO process. The company specializing in desalination solutions powered by solar energy, launched its operation on Wednesday, June 21.
The company hopes to raise just over 10 million euros to become a benchmark player in water treatment with a privileged position in energy-efficient solutions. The offer is in progress until July 4 for individuals, a period which is extended to July 5 for institutional investors.
A day later, on Thursday June 22, Planisware came out of the woodwork to formalize its IPO project. The information was still at the rumor stage. In mid-May Reuters, citing sources familiar with the matter, had indicated that the world leader in the field of project and business portfolio management was studying several strategic options, including a stock market listing. In addition to the real intention of Planisware on a real presence on the financial markets, the unknown remained the place of quotation where the company founded in 1996 was going to be welcomed. And it was ultimately Euronext Paris that was favored by Planisware.
According to the company, the planned IPO represents “a significant opportunity” for the company “to increase its visibility and reputation, to pursue its growth strategy and to strengthen its market positioning”.
If Planisware went through with the process in the coming weeks, the company would then be likely to unblock the IPO counter on the regulated compartment of Euronext Paris. The Euronext Growth compartment, dedicated to small and medium-sized enterprises, has so far hosted all the transactions for the year 2023. Including that of My energy broker, at the end of May.
On this occasion, Parisian investors were able to get to know this Bordeaux company specializing in energy brokerage for professionals. It raised approximately 7 million euros, the amount targeted during its call on the market. A month later, the stock market performance of My Energy Broker is currently stable, compared to the IPO price set at 9.65 euros. A remarkable performance, when we know that Florentaise has lost 15% since its IPO, when Lepermislibre, the dean of the year 2023, shows a decline of 35%.
Big IPOs to come?
For the second part of the year or even in 2024, large-scale operations could once again become a trend on the Parisian coast. The American specialist in perfumes and cosmetics Coty indicated last May that it was considering a double listing on the Parisian market, the group already being present on Wall Street.
This IPO would bring in a potential heavyweight in Paris. To give an idea, Coty currently weighs just under 10 billion dollars in New York, or about 9 billion euros, more than an Alstom.
“Favorable conditions appear to be in place for global IPO activity to regain momentum by the second half of the year,” EY said in its IPO market research released earlier this year. .
“For the IPO market to become more active again, there are a number of prerequisites: positive sentiment and rising stock market performance; lower inflation and an end to interest rate hikes ; an easing of geopolitical tensions; and a reduction in the effects of the Covid-19 pandemic on the economy” reminded Franck Sebag partner at EY.
Other large groups could also make their first steps on the stock market by the end of the year or in 2024. Atos plans to introduce the majority of the capital of Eviden, a company that would bring together the growing activities of the service company technologies, such as big data, high performance computing, digital transformation and cybersecurity.
Renault intends to market part of the capital of Ampère, its future subsidiary dedicated to electricity, and mentioned until the end of this week an operation at the end of 2023, at the earliest. . Thursday, Thierry Piéton, Renault’s financial director, was more specific, telling financial analysts that the group was waiting for “the right window of opportunity” to carry out this operation, which should “probably” occur in the first half of next year. .
Another company listed on the SBF 120 will spin off an activity via an IPO. This is Sodexo, which plans to list its restaurant vouchers and gift vouchers business next year. Sodexo recently renamed this division “Pluxee” in view of this future split.
For its part, Pathé aims to join the Paris Stock Exchange by 2024. The oldest French cinema founded by the Pathé brothers in 1896 thus wishes to attract new shareholders with a view to financing major investments both in theaters and contents.
Sabrina Sadgui – ©2023 BFM Bourse
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