– FRANCE, Paris – Neoen (EPA:NEOEN), the France’s leading independent producer of exclusively renewable energy and one of the sector’s most dynamic businesses worldwide, today announced that the company is now listed to Euronext Paris Compartment A. This was the largest IPO in Paris in 16 months, and the largest clean-tech IPO in Europe this year.
An active player in the energy transition and the fight against climate change, Neoen is an independent producer of renewable energy that has expanded rapidly in France and on international markets in Europe, Australia, North and South America, and Africa. Founded in 2008, the company develops, owns and operates land-based solar parks and wind farms. Its assets include one of Europe’s largest solar parks, in Cestas in southwestern France (Gironde), generating 300 megawatts. Listing will enable the company to finance further growth. Neoen was recognised as a “future unicorn” at the 2018 Trophée des Futures Licornes ceremony organised by Entreprenur Venture, Euronext, EM Lyon business school, Roland Berger and Reputation Age.
Neoen was listed on 17 October 2018 with ticker (EPA:NEOEN) through the admission to trading of 84,919,998 shares representing its entire capital, including 38,073,521 shares allocated as part of a Global Offering, before potential exercise of the over-allotment option.
The offering price was set at €16.50 per share. Market capitalisation on the day of listing was around €1.4 billion, and the operation raised a total of €628 million.
At the listing ceremony, Xavier Barbaro, Chairman and CEO of Neoen, said: “We are very proud of our successful market debut. Neoen is the first French unicorn specialising in renewable energies to list on Euronext Paris, and the market’s largest listing in the past 16 months. In particularly demanding market conditions, this reflects great confidence in our strategy, our positioning and our growth potential. We would like to extend warm thanks to our shareholders, old and new, and to our workforce, our advisers, and Euronext Paris, who helped make our listing a success.”
Founded in 2008, Neoen is one of the world’s leading independent producers of renewable energy, and the leader in the French market. It contributes to the effort to counter global warming and drive the energy transition by producing sustainable electricity locally and on a large scale, at increasingly competitive rates. Neoen is a socially responsible company whose long-term vision translates into a strong, sustainable growth strategy. It expects to have more than 5 GW of capacity in operation or under construction by 2021.
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.
Comments are closed.