Osmosun’s Carbon-Free Water Desalination IPO: A High-Ranking Investment Opportunity

2023-07-06 08:30:54

Posted Jul 6, 2023, 10:30 AM

Osmosun’s IPO appealed to investors. The company which manufactures and installs water desalination units using carbon-free electricity has raised 10 million euros, an amount likely to be increased to 11.5 million euros in the event of the full exercise of the over-allotment option. The operation was oversubscribed 1.6 times and public demand was particularly strong, reaching 6.2 million euros, or 46% of the total. The share price was set at 6.50 euros, at the high end of the range (5.10 euros to 6.90 euros), bringing the market capitalization to 35.7 million euros. Priority A1 orders (from 1 share to 350 shares inclusive) will be served at 100% and A2 orders (over 350 shares) at 27.2%.

Settlement of the open price offering and global placement will take place on July 7, with the start of trading in the shares on the Euronext Growth market three days later. The funds raised will be allocated to strengthening the teams, in particular commercial, to the deployment of local structures, to innovation to penetrate related markets and to external growth.

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