(CercleFinance.com) – Stif announced Friday evening that the offer for its IPO had been oversubscribed 1.7 times, representing a total expressed demand of 15.3 million euros.
The bulk transport specialist specifies that the total gross proceeds of the issue will ultimately amount to 10.35 million euros, including nine million via the implementation of a capital increase.
The remaining amount will correspond to the issue of 1.4 million new shares through the full exercise of the extension clause, with the transfer of 207,692 existing shares by the transferring shareholders.
At the end of the operation, Stif’s capital will be made up of just over five million shares, representing a market capitalization of 33 million euros based on an IPO price of 6. 50 euros per share.
The free float will represent 31.3% of the company’s capital.
The manufacturer of protective equipment against the risks of explosions in industrial environments specifies that trading of its shares will begin on Euronext Growth Paris from Wednesday December 20.