(Boursier.com) — STIF, an expert in the design, manufacturing and marketing of components for bulk transport and innovative protective equipment against the risks of explosions in an industrial environment, announces the success of its IPO on the Euronext Growth Paris market.
The Offer was oversubscribed 1.7 times with a total demand of €15.3 million including:
*12.7 ME as part of the Global Placement
*2.6 ME as part of the Firm Price Offer
-Gross amount of the operation of 10.35 ME including:
*9 ME per capital increase
*1.35 ME per full exercise of the extension clause
Settlement / delivery of the Firm Price Offer and the Global Placement scheduled for December 19. Start of negotiations on Euronext Growth Paris on December 20.
José Burgos, Chairman and CEO of STIF, declares: “I am very pleased to announce the success of our IPO and I warmly thank all of the new institutional and individual shareholders for the trust they have shown in us by contributing to the success of this IPO. I would also like to thank all of STIF’s employees who work hard every day to deliver high-quality products to our customers at the cutting edge of innovation in more than 80 countries. The funds raised provide us with the financial means to deploy our development strategy, particularly in the exponentially growing BESS market in the field of renewable energies. A new stage in the history of STIF opens today with the ambition of “reach 80 ME in turnover in 2027.”
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