- 43rd listing on Euronext in 2026
- The company raised €57.6 million
- Market capitalisation at IPO is €192.5 million
Euronext today congratulates Attica Department Stores, a company operating in the retail sector, on its listing on Euronext Athens Regulated Market (ticker code ADPS).
Attica Department Stores SA operates as a departmental store. The Company retails clothes, shoes, bags, accessories, and beauty products for men, women, and kids. Attica Department Stores serves customers in Greece.
Attica Department Stores was listed through the admission to trading on 02 July 2026 of the 60,161,600 shares.
The admission and offer price of ADPS shares was set at €3.20 per share. Market capitalisation was €192.5 million on the day of listing. Gross proceeds amounted to €57.6 million, comprising €54.7 million from the Initial Public Offering (IPO) and €2.9 million from the Parallel Offering to a limited circle of persons, in accordance with decision no. 4/379/18.04.2006 of the Hellenic Capital Markets Commission.
The Public Offering attracted exceptionally strong investor interest, with valid demand reaching 66.3 million shares (equivalent to €212.05 million at the offer price), representing an oversubscription of 3.9 times, with the participation of 4,206 investors.
Dimosthenis Boumis, Chief Executive Officer of Attica Department Stores, said: “This is a historic day for Attica Department Stores. Our listing on Euronext Athens, following a highly successful IPO, is a strong confirmation of our growth strategy and our vision for retail market in Greece. At the same time, it reflects the strong investment interest in profitable companies with clear growth prospects. We are now accelerating our development plan, focusing on new investments and expanding our market presence. With a deep sense of responsibility, we welcome our new shareholders and warmly thank our people and business partners for their continued commitment, trust and support.”
Lampros Papakonstantinou, Chairman of the BoD of IDEAL Holdings, said: “Today marks a landmark moment for Attica Department Stores, as well as a significant milestone for IDEAL Holdings. The impressive response from the investment community and the oversubscription of the IPO validate our strategic decision to invest in one of the leading brands in the Greek market. Today, more than ever, we are proud of the company's successful journey and optimistic about its robust growth prospects. We sincerely thank the investment community for its trust and remain committed, as the majority shareholder, to supporting Attica Department Stores in its next phase of growth, while continuing to create sustainable long-term value for our shareholders.”
Caption: A glimpse from today’s opening bell ceremony celebrating the IPO of Attica Department Stores.
