Paris –29 July 2014 – EnterNext, the Euronext subsidiary dedicated to promoting and growing the market for SMEs[1], today announced the listing of Planet.fr, a generalist website providing news and other contenton Alternext in Paris.
Founded in 2000, Planet.fr is a media group expanding its independent coverage of news, health issues and women's interests on its Planet.fr and Medisite.fr websites, targeting readers in upper socio-economic categories and high-income groups. It has been listed on Euronext's Free Market since 2005.
Planet.fr (ticker code: ALPLA) was listed on Alternext in Paris through the direct admission to trading of the 4,672,663 shares making up its equity following its transfer from the Free Market. Market capitalisation on the day of listing was around €13 million.
“We welcome Planet.fr to Alternext, our market designed especially for SMEs. The company's transfer from the Free Market marks a new stage in its development, and will raise its profile with investors among other benefits,” said Eric Forest, Chairman and CEO of EnterNext.
Thierry Casseville, Chairman of Planet.fr's Management Board added: “Transferring Planet.fr to Alternext from the Free Market is a milestone for our shareholders, many of them individuals who have placed their trust in us for years. It is also a milestone for our entire team, which has been hard at work making Planet.fr and Medisite.fr premium sites for internet users and advertisers. This transfer is a key event that will step up our development through both internal and external growth.”
[1]Small and medium-size enterprises.