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Osmozis, an operator of multi-service WiFI networks designed especially for holiday villages and campsites in Europe, today celebrated its listing on Alternext Paris at a ceremony at the close of trading. A member of TechShare’s 2015/2016 class, Osmozis is the first company enrolled in this pan-European training programme to list on a financial market.
An innovative business founded in 2005, Osmozis operates WiFi networks for open-air holiday sites. The company builds robust networks of WiFi hotspots developed and manufactured in France, and manages comprehensive solutions for related devices, from design to operation. In addition to packages offering broadband Internet access, Osmozis develops professional services including video surveillance, alarms and digital caretaker services. In France, the company holds 20% of the WiFi market for holiday campsites. It has around 60 employees across Europe, including Germany, Spain, France, Italy and the Netherlands.
Osmozis (ticker symbol: ALOSM) was listed through the admission to trading on February 8, 2017 of 2,137,000 shares making up the company’s equity, including 782,000 new shares issued through a Global Offering[1].
The offering price was set at €10.50 per share, and the company’s market capitalisation on the day of listing was €22.4 million. The placement totalled €8.2 million after full exercise of the extension clause, and may rise to €9.4 million if the over-allotment option is fully exercised.
Other companies enrolled in the first TechShare courses were invited to the listing ceremony, where Osmozis Chairman and CEO Gérard Tremblay said: “We are very proud to be the first company from the TechShare programme to list on Alternext Paris today. This financing round represents a key stage in our company’s development, raising our profile and funding a new cycle of profitable growth. We would like to thank all of the institutional and individual investors that have stood by our Group and our prospects for their trust and strong support.”
[1] The Global Offering was made up of a Public Offering that included an Open Price Public Offering in France and a Global Placement with institutional investors in France and other countries.
