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EnterNext, the Euronext subsidiary dedicated to promoting and growing the market for small and medium-sized companies (SMEs), today celebrated the listing of Drone Volt, the French leader in drones for professional use, on Alternext in Paris.
Drone Volt was founded in 2011 and specialises in the production, integration and sale of drones used by professionals, designing and developing comprehensive solutions to meet challenges in sectors as wide-ranging as media and film, security, surveillance and topography. The company operates in France, Canada and Denmark.
Drone Volt (ticker symbol: ALDRV) was listed on January 5, 2016 through the admission to trading on Alternext Paris of the 1,231,438 common shares (before a 10 for 1 split on January 12) and 1,117,000 equity warrants (DRVBS) making up its equity, following the company’s transfer from the Free Market (Marché Libre).
Market capitalisation on the day of listing was €22 million.
Dimitri Batsis, Chairman of Drone Volt, said: “We want to thank Euronext and the teams at EnterNext for their welcome as we list on Alternext Paris. Listing confirms both our progress and our commitment to attracting new investors as we pursue this exciting entrepreneurial journey, while giving Drone Volt the resources we need to remain at the cutting edge in civilian drones for professional uses—a sector that faces a bright future.”
Eric Forest, Chairman and CEO of EnterNext, added: “We are delighted with Drone Volt’s flawess landing on our markets. This listing reflects investors’ growing interest in fast-growing SMEs in Europe. EnterNext wants to promote top-peforming businesses from the French economy’s centres of excellence, and we are happy to welcome a new player in the rapidly expanding market for professional drones. As an innovative company, Drone Volt will benefit from our special services for tech companies, and we are certain that this new stage in its development will help accelerate the very strong momentum already under way.”
