(CercleFinance.com) – Osmosun, a specialist in seawater desalination using solar energy, announced on Thursday that the AMF had approved its registration document as part of its IPO project.
Created in 2014, the company behind a process for producing drinking water by reverse osmosis powered by photovoltaic solar energy and without batteries plans to enter the Euronext Growth market in Paris.
The company, which emphasizes that water scarcity and the risk of water scarcity are becoming a global problem, notes that the OECD estimates that nearly 4 billion people could be without water by 2050. .
In a press release, Osmosun indicates that it has experienced a strong acceleration in its development for several years, with a fourfold increase in units sold between 2020 and 2022.
To date, 59 desalination units have been sold in 27 countries, of which 51 are operational and eight are being installed.
The group – which generated a turnover multiplied by two in 2022 to 4.6 million euros – has set itself the objective of reaching an annual turnover equal to or greater than 20 million euros in 2025 then to 48 million by 2027.
As part of its IPO project, the company says it has already raised 2.15 million euros from its historical shareholders and the OKwind group.
These bonds convertible into shares will be automatically converted into new Osmosun shares at the time of the IPO.
An irrevocable subscription commitment of 750,000 euros has also been concluded with OKwind, with which Osmosun has signed a technical and commercial cooperation agreement
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