
Today's listing of OL Groupe on the Eurolist compartment of Euronext Paris, the first of a sporting entertainment company, was a major success. OL Groupe placed 3.68 million shares to raise a total of EUR 88.4 million. The global placement reserved to institutions was oversubscribed 6.5 times and the open-price offering for individual investors more than 4 times.
Today's listing of OL Groupe on the Eurolist compartment of Euronext Paris, the first of a sporting entertainment company, was a major success. OL Groupe placed 3.68 million shares to raise a total of EUR 88.4 million. The global placement reserved to institutions was oversubscribed 6.5 times and the open-price offering for individual investors more than 4 times.
On the basis of today's first traded price of EUR 25.50, which was 6.25% higher than the reference price, the market capitalization of OL Groupe stands at EUR 331 million.
Commenting on the listing, OL Groupe's Chairman and Chief Executive Jean-Michel Aulas said: "We are naturally very pleased with OL Groupe's successful start on Euronext, reflecting as it does investors' confidence in our business model and growth prospects. OL Groupe's presence on the market will give us access to new resources to continue structured business development and further improve performances."Â
OL Groupe, built around the Olympique Lyonnais football club founded in 1950 and managed by Jean-Michel Aulas since 1987, has won a leading place in French media and sporting entertainment since it was set up in 1999. -- www.euronext.com
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