Paris – 2 July 2014 – EnterNext, the Euronext subsidiary dedicated to promoting and growing the market for SMEs[1], today congratulated Viadeo, the leading professional social network in France and China, on its successful listing in Segment B of Euronext Paris' regulated market.
Founded by Dan Serfaty and Thierry Lunati in 2005, Viadeo is a worldwide provider of professional social networks with 60 million members, including 9 million in France and nearly 20 million in China. The network enables professionals to manage their careers, identify new business opportunities, and maintain ties with their contacts, who can connect with their professional profile. It also gives them an online address book that is always up-to-date. Viadeo's multi-local strategy gives professionals many opportunities for interacting with others in their networks.
Viadeo (ticker code: VIAD) was listed through the admission to trading of 10,003,253 ordinary shares making up its equity, of which 1,287,737 newly issued shares as part of a Global Offering[2] and 831,691 new shares resulting from the conversion of convertible bonds.
The admission and issue price of Viadeo shares was set at €17.10 per share. Market capitalisation stood at €171.1 million. A total of €24.4 million was raised.
"We extend a warm welcome to Viadeo, multi-local provider of professional social networks, on the occasion of its listing on Euronext Paris.With this listing, Viadeo will gain enhanced access to a large pool of investors and liquidity in Europe that it can use to finance its future development, and will also benefit from the support EnterNext offers for increasing the company's reach and visibility", said Eric Forest, Chairman and CEO of EnterNext.
Dan Serfaty, co-founder and Chairman and CEO of Viadeo, added, "Viadeo’s Initial Public Offering is a milestone in the Group’s development. On behalf of the whole team, I would like to thank everyone involved in this operation, and in particular our historical shareholders and the institutional and individual investors who have chosen to put their trust in us and believe, as we do, in the power of the multi-local Professional Social Network. The funds raised will notably enable us to strengthen our commercial presence in the countries where our leadership position is based on a larger and larger number of members."
[1]Small and medium-size enterprises.
[2]The Global Offering was made up of an Open Price Public Offering in France and a Global Placement with institutional investors in France and other countries.
About Viadeo
Viadeo is a key player in the Professional Social Networking space, with around 60 million members worldwide. The market leader in France with almost 9 million members Viadeo has recorded exceptional growth since its creation, particularly in French-speaking countries and emerging markets such as China, Russia and Africa. Viadeo allows professionals to connect no matter what sector they work in, what position they hold, or where they are based. Viadeo members enjoy a wide range of opportunities from finding former colleagues and classmates, connecting with future managers or recruiting new team members, to interacting with people in their niche, developing an activity or raising their profile. For further information, please go to corporate.viadeo.com/en/.