Paris market’s largest IPO since 2007
Global Value of the offer totals €939 M, Market capitalisation totals €2.5 BN
Paris – 10 June 2015 – Euronext, the primary exchange in the Euro zone, today congratulated SPIE on successfully listing in Compartment A of its regulated market in Paris (ticker symbol: SPIE). It was the largest IPO in Paris since 2007.
As Europe’s leading independent provider of multi-technical services in electrical, mechanical and HVAC engineering; information & communications technology systems; and technical facility management SPIE helps design, build, operate and maintain energy-efficient and eco-friendly facilities. The group has close to 550 sites in 35 countries and over 38,000 employees.
SPIE was listed through the admission to trading of 150,000,000 existing shares making up the company’s equity under a Global Offering1 of 56,912,884 shares (including 42,424,242 new shares) before full exercise of the extension option.
The admission and issue price of SPIE shares was set at €16.50 per share. Market capitalisation on the day of listing was around €2.5 billion. The total amount of the offer was €939 million, including €700 million from the capital increase and €239 million from the sale of shares by existing shareholders. The total amount of the offer may be increased to €1,033 million in the event of full exercise of the over-allotment option.
Gauthier Louette, SPIE Chairman and CEO, said: “We are very pleased with the success of SPIE’s IPO. The very positive response we received illustrates investors’ confidence in SPIE’s business model and growth prospects. Thanks to the support of its historical shareholders – especially the commitment made by the Caisse de dépôt et placement du Québec ahead of this offering – thanks also to the expertise and commitment of its employees, the SPIE group has all the assets it needs to strengthen its position as the independent European leader in multi-technical services.”
Anthony Attia, Chairman and CEO of Euronext Paris, said “We are delighted to welcome SPIE to the Paris market. This very substantial IPO illustrates once again the role that capital markets play in financing businesses, and the importance of robust momentum combined with proven success in attracting investors. We wish SPIE all the best as it joins the dynamic family of international companies already listed on our markets.”
Marc Lefèvre, Euronext’s head of Listing, said: “We extend our hearty congratulations to SPIE on its successful listing on Euronext Paris in our largest IPO since 2007. We are particularly proud to welcome this independent European champion, whose history goes back over 100 years, to our community of issuers in a move that opens a new stage in its business development. Today’s transaction confirms our market’s growth in the first half of 2015 and testifies to our position at the heart of the financing process for international companies.”
To celebrate listing, SPIE presented a €20,000 check to the Electriciens sans frontières foundation (NGO).
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.