Published on June 7, 2024 at 4:55 p.m. / Modified on June 7, 2024 at 7:34 p.m.
It was one of the most anticipated transactions at the start of the year on the Paris stock exchange. The IPO (Initial Public Offering) of the French company Exosens is a success. The company was valued at just over a billion euros (984 million francs). On its IPO, one of the most anticipated of the year, Pluxee, a subsidiary of the French group Sodexo specializing in collective catering, was valued at 4 billion euros. Thus becoming the most important IPO since 2019. These arrivals are revitalizing the IPO market after a long period of calm.
The arrival of Exosens also aroused the interest of investors. The company’s offer book, which was announced to open on Monday, filled up quickly. Faced with the enthusiasm, the company revised its offer upwards during the week, the operation increasing from 300 to 350 million euros with an introductory price of 20 euros per share. In the morning, the stock was up around 17% at 23.40 euros. However, without intervention from the French government, the company would perhaps not have achieved this success.
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