Paris – 28 January 2015 – EnterNext, the Euronext subsidiary dedicated to promoting and growing the market for SMEs1, today announced the successful listing of Oceasoft, developer of smart and connected sensors for the industry, on Alternext in Paris.
Based in Montpellier in southern France, Oceasoft designs, calibrates, and markets smart wireless sensors for monitoring physical parameters such as temperature, humidity, differential pressure and chemical components for life science, agri-business, and environmental sectors.The result of over ten years of research and development, Oceasoft’s wireless sensor technology makes it easy to deploy and operate a large number of sensors, each with the benefit of very long-range wireless connectivity and low energy consumption.
Oceasoft (ISIN: FR0012407096, ticker code: ALOCA) was listed on Alternext in Paris through the admission to trading of the 2,854,334 shares making up its equity, including 958,334 new shares issued under a Global Offering2 that included full exercise of the extension clause and partial exercise of the over-allocation option.
The admission and issue price of Oceasoft shares was set at €9.00 per share, in the middle of the proposed range. Market capitalisation was €25.7 million on the day of listing, and the transaction raised a total of €8.6 million.3
Laurent Rousseau, Chairman and CEO of Oceasoft said: “We are delighted with institutional and individual investors’ response to Oceasoft’s listing, the first of 2015. Funds raised will allow us to step up the pace of our development very significantly, financing growth on international markets and investments in R&D to make Oceasoft the Internet’s benchmark for networked devices.”
Eric Forest, Chairman and CEO of EnterNext, said: “We congratulate Oceasoft on its successful market debut on Alternext — the first listing in 2015 on markets covered by EnterNext. Oceasoft is a company whose growth is driven by its capacity for cutting-edge innovation. In listing, it joins the community of listed tech companies that represent a priority sector for EnterNext. And it has also generated the capital it needs to finance its expansion, boosting its visibility and profile with investors.”