(CercleFinance.com) – The action of the social networking platform TaTaTu rose 27% on Wednesday for its first day of trading on the Paris Stock Exchange.
The admission on Euronext Growth Paris of the 814.3 million ordinary shares making up the capital of the technology company was carried out following a private placement on the basis of a reference price of two euros per share.
The market capitalization thus stands at more than two billion euros for its first day of trading.
TaTaTu displays the specificity of rewarding its users by granting them ‘TTU Coins’ for viewing content and for their activities on social networks.
Members can post photos and videos and earn more ‘coins’ when other users like, comment, view or share their posts.
Tatatu SpA was founded in 2020 by Andrea Iervolino, a film producer.
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