Top Départ Pour Abeo Sur Euronext

Back

Raises €20.7 million, market capitalisation totals €110.7 million

Paris – 11 October 2016– EnterNext[1] today welcomed ABEO, specialist in sports and leisure equipment, in CompartmentC of Euronext’s regulated market in Paris.

ABEO is a leading global specialist in sports and leisure equipment. Its portfolio of brands include Gymnova, Janssen-Fritsen, Spieth, Entre-Prises, Clip’nClimb which are all under the control of ABEO, a strong company with continous growth, having overseen nearly €150 M worth of business as of 31 March 2016, 66% of which was conducted internationally. Abeo is dedicated to doubling its business by 2020, and is looking to expand internationally through a means of both organic and external growth.

ABEO (ticker symbol: ABEO) was listed through the admission to trading of 6,571,649 shares, including 1,226,665 new shares issued under a Global Offering[2], after the full exercice of the extension clause and before the exercice of the over-allotment option.

The admission price and issue price of Abeo was set at €16.84 per share. Market capitalisation on the day of listing was around €110.7 million, and the IPO raised a total of €20.7 million.

Olivier Estèves, ABEO's Chief Executive Officer, and Jacques Janssen, Managing Director, made the following comments: “We are delighted to announce the success of our initial public offering. The interest shown by French and international investors proves the merits of our unique positioning in the sports and leisure equipment industry, and reflects the trust placed in our growth strategy. This success also makes us particularly proud of the work completed by our teams in building a solidand profitableGroup worthy of its leadership aspirations. The funds raised will give us the financial means to step up our international expansion. We would like to thank our new individual and institutional shareholders who have placed their trust in our corporate manifesto. We would also like to thank all of our partners and employees for their commitment and contributions towards ensuring the success of this new milestone for ABEO.” 



[1]Euronext’s affiliate dedicated to helping SMEs list themselves on the stock-market.
[2]
   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.

 

Press Release Footer

About Euronext 
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With nearly 1,900 listed issuers and around €6.3 trillion in market capitalisation as of end September 2024, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.  
For the latest news, follow us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).

Disclaimer
This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.

This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at www.euronext.com/terms-use.

© 2024, Euronext N.V. - All rights reserved.