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.
What stocks to buy?
Making the best investments requires in-depth knowledge of the markets, their mechanisms, of the economy and involves diving into the heart of the strategy of each of the listed companies. The editorial staff of Investir does it for you and provides its subscribers with advice on more than 800 securities. Benefit from their buy, speculative buy, spread or sell recommendations by subscribing to Investir.
I discover the offers
1688633942
#Great #success #Osmosuns #IPO