Today’s listing of StreamWIDE on Alternext was a great success. The company placed 310,100 shares to raise a total of €5.38 million. The global placement reserved to institutions was oversubscribed more than 13 times and the open-price offering for individual investors was oversubscribed more than 5 times.
On the basis of the reference price of €17.34, the market capitalization of StreamWIDE stands at €46 million.
Pascal Beglin, StreamWIDE’s Chairman and Chief Executive Officer, comments: “We are delighted with StreamWIDE’s successful start on Alternext, which will not only raise our public profile, but also help us to win added credibility, consolidate staff loyalty and accelerate growth, particularly on international markets.”
StreamWIDE is the 37th company listed on Alternext in 2007. Altogether 111 companies have joined the market this year, raising over €1.3 billion1 and representing an additional market capitalization of more than €5 billion.
StreamWIDE develops software for fixed-line and mobile telecom operators, Internet access providers and providers of value-added content. -- www.euronext.com
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