(Boursier.com) — Erratic stock market debut for Icape Holding, introduced at 16.95 Euros and which increased by around 2% at the start of the afternoon. The title has already experienced a high of 17.97 Euros (+ 6.02%) and a low of 16.70 Euros (-1.47%).
An over-allotment option allowing the issue of a maximum of 34,000 new additional shares has been granted by the company to Gilbert Dupont as stabilization agent. The deadline for exercising the over-allotment option is August 9, ie the end of the stabilization period.
The gross proceeds of the issue amount to 17 ME, which may be increased to 17.58 ME in the event of the full exercise of the over-allotment option.
The market capitalization of the Icape Group amounts to approximately 136.7 million euros, which may be increased to approximately 137.3 ME in the event of the full exercise of the over-allotment option at a price of 16.95 Euros.
The free float represents approximately 12.43% of the share capital of the company before exercise of the Over-allotment Option and may represent up to 12.8% of the share capital in the event of the full exercise of the Over-allotment Option.
Icape specializes in the manufacture and marketing of custom printed circuits and technical parts. The company is aiming for ambitious commercial and financial objectives, including the achievement of a turnover of around 500 million euros by 2026 with around 9.5% of profit margin rate. In 2022, the cursor is set at around 230 ME for around 4.5% profit margin rate.
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