(BFM Bourse) – The listed company The Blockchain Group announces that it has put its subsidiary Eniblock on the stock market through direct listing on Euronext Growth. Eniblock has developed an all-in-one software platform for web 3 entrepreneurs and companies.
The listed company The Blockchain Group announces the admission by direct listing of the shares of its subsidiary Eniblock on the Euronext Growth Paris market.
Created in 2019, Eniblock has developed an all-in-one software platform (tokenization, custody, workflow, payment and compliance), which offers its services to players wishing to offer a range of digital assets from various sectors, regardless of the asset or the blockchain. It showcases a single product to build, manage, and host a digital asset solution on cloud-hosted infrastructure.
The objective of this listing on the Euronext Growth Paris market is to allow Eniblock to benefit from visibility with investors and to be listed on a market offering a regulatory framework adapted to its size and its development project. This admission was approved by Euronext on September 14, 2022.
“We are delighted with the listing of Eniblock. The strong traction of the B2B blockchain market in the coming years will require dedicated resources to support the expansion of our SaaS platform” declares Xavier Latil, President of Eniblock and CEO of The Blockchain Group.
A portfolio of 15 clients
Eniblock currently has a portfolio of 15 clients positioned in various sectors (sport, social networks, health, finance, etc.). Thanks to the particularity of its economic model, the company indicates that it has succeeded in building up three distinct sources of income: software subscriptions, transaction commissions and professional services.
The listing of the securities on the Euronext Growth Paris market will take place within the framework of a direct listing procedure following a private placement of an amount of 2.52 million euros at a price of 4.99 euros. per share. Following the capital increase operations, The Blockchain Group holds 52.05% of the capital and voting rights of Eniblock and intends to maintain its role as majority shareholder.
Eniblock’s first trading day is scheduled for September 20, 2022 under the ticker code ALENI and the ISIN code FR001400C2Z4.
Sabrina Sadgui – ©2022 BFM Bourse
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