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Euronext today welcomed Lleida.net, an electronic communications provider, to Euronext Growth. Lleida.net is the first Spanish company with a dual listing on Euronext and on the Spanish market. Today’s listing results from Euronext’s Tech SME initiative launched in September 2017 with the aim of attracting European technology companies to its pan-European markets. Lleida.net is the third listing from a Spanish company this year and the sixth resulting from this initiative.
Lleida.net is dedicated to changing traditional communications processes into services adapted to new technologies. The company has developed the concept of registered electronic communications, making SMS and email messages legally binding documents.
When Lleida.com was first created in 1995, its mission was to offer Internet access to companies, public administrations and private users. Since 2005, it has continued to innovate, becoming a telecoms operator and pioneer in providing SMS services.
Lleida.net (ticker code: ALLLN) was listed on 19 December 2018 through the admission to trading of 16,049,943 shares making up its capital. The listing price was set at €1.02 per share. Market capitalisation on the day of listing was around €16 million.
At the listing ceremony, Sisco Sapena, Lleida.net’s CEO and founder, said: “Listing on Euronext Growth represents the culmination not only of a dream, but of a conscious move into new European markets that is central to our business model. We strongly believe that, in the near future, many other companies will accompany us on the path we have opened and will join Euronext, the pan-European stock market.”
Euronext is the primary venue for Tech SMEs in Europe with more than 350 issuers representing a total market capitalisation close to €70 billion, and over 850 active institutional investors on the tech segment.
