(CercleFinance.com) – My energy broker group, an energy brokerage firm for companies, announced on Wednesday the launch of its IPO, with an admission planned on Euronext Growth Paris.
The Bordeaux company, created in 2017, plans to enter the market at a price of 9.65 euros per share via a capital increase of around seven million euros.
In the event of full exercise of the extension clause and the over-allotment option, the size of the operation could be increased to 9.3 million euros.
My energy broker plans to use the estimated proceeds of the offer – approximately six million euros – to intensify its commercial network in France and strengthen the teams at its Bordeaux headquarters.
The operation should also make it possible to finance the development of its international activity, first in Spain and Italy, as well as the search for partnerships, the development of offers and marketing.
The group – which in just a few years has become the French leader in energy brokerage on the ‘B2B’ market – achieved a turnover of 19.2 million euros last year and by 2025 is posting a sales target above 40 million.
According to its indicative timetable, the offer will be open from May 10 to 26, with initial trading scheduled for May 31.
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