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€10 million raised
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Market capitalisation of €36 million
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31st listing on Euronext in 2023
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OSMOSUN joins a pool of more than 150 cleantech listed on Euronext
Paris – 10 July 2023 – Euronext today congratulates OSMOSUN, a key player in solar-powered seawater and brackish water desalination solutions, on its listing on Euronext Growth Paris (ticker code: ALWTR).
Created in 2014, OSMOSUN specialises in low-carbon desalination solutions powered by photovoltaic solar energy without batteries. With its patented desalination technology based on a unique and sustainable reverse osmosis process, the company aims to make drinking water accessible everywhere and for everyone, while reducing the carbon footprint associated with its production. The listing of OSMOSUN on Euronext Growth Paris aims to support the company's organic growth by strengthening its sales teams and deploying local structures. OSMOSUN also aims to finance its investments in innovation and external growth, in order to penetrate related markets and become a vertically integrated player in water treatment.
OMOSUN was listed through the admission to trading on 10 July 2023 of 3,965,250 ordinary shares making up its equity and of 1,533,332 new shares issued under a Global Offering[1], after full exercise of the extension option and before the potential exercise of the over-allotment option.
The admission and issue price of OSMOSUN shares was set at €6.50 per share. Market capitalisation was approximately €36 million on the day of listing. The IPO raised €10 million altogether.
Quentin Ragetly, CEO of OSMOSUN, said: “The IPO of OSMOSUN marks a key step in accelerating our development. This operation will enable us to support our growth by expanding our commercial and operational presence internationally, allowing us to capitalise on our technological lead and seize all opportunities available to us in our markets. Thanks to our patented desalination technology, which is powered by solar energy without batteries, we are now perfectly positioned to meet the market demand for efficient, cost-effective and environmentally friendly solutions for drinking water production. It is urgent that we take action to address the global water challenge that we all are aware of.”
Caption: Quentin Ragetly, CEO of OSMOSUN, rang the bell during a ceremony this morning, with his team and in the presence of Guillaume Morelli, Head of Listing France at Euronext, to celebrate the IPO of OSMOSUN.
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CONTACT EURONEXT – mediateam@euronext.com |
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Sarah Mound (Paris) |
+33 1 70 48 24 45 |
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CONTACT OSMOSUN |
Hélène de Watteville +33 1 53 67 36 33 osmosun@actus.fr
(Investor Relations)
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Déborah Schwartz +33 1 53 67 36 35 dschwartz@actus.fr (Financial Press Relations)
Nadège Chapelin +33 6 52 50 33 58 n.chapelin@nc-2.com (Specialised Press Relations)
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About OSMOSUN
Established in 2014, OSMOSUN aims to become a leading player in the low-carbon water market with the goal of making drinking water accessible to everyone.
OSMOSUN has developed a patented, unique, cost-effective, clean and sustainable solution for desalinating seawater and brackish water that operates on solar energy without batteries. This innovation positions OSMOSUN units among the most energy-efficient and economically competitive on the market.
As of 31 December 2022, 59 desalination units have been sold in 27 countries. In 2022, the group recorded a turnover of €4.6 million.
For more information on the company: www.osmosun.com
[1] The Global Offering was made up of a Public Offering that included an Open Price Public Offering and a Global Placement with institutional investors in France and other countries.