- The offering raised €252 million through a private placement – market capitalisation of approx. €608 million
- Second Belgian participant to the TechShare programme to list on Euronext Brussels
Belgium-based fintech company Unifiedpost (ticker symbol: UPG) today began trading on Euronext Brussels (Compartment B), with an initial market capitalisation of €608 million. Unifiedpost is the second Belgian alumni of TechShare, Euronext’s pre-IPO programme, to go public.
Based in La Hulpe (Belgium), Unifiedpost operates and develops a 100% cloud-based platform for administrative and financial services that allows real-time and seamless connections between Unifiedpost’s customers, their suppliers, their customers and other parties along the financial value chain. Since its founding in 2001, Unifiedpost has grown significantly, expanding to offices in 15 countries throughout Europe, with more than 350 million documents processed in 2019, reaching over 400,000 SMEs and more than 250 Corporates across its platform today.
The proceeds of this private placement will enable Unifiedpost to carry out its organic growth and buy-and-build strategy and further its presence in Europe as a leading fintech company.
The offering was a resounding success with qualified international and local investors. Unifiedpost was listed through the admission to trading of 30,401,990 shares. The admission and issue price of Unifiedpost’s shares was set at €20 per share. Market capitalisation was €608 million on the day of listing. The offering raised €252 million altogether.
Hans Leybaert, Founder and Chief Executive Officer of Unifiedpost, commented: “This is truly an exciting day for Unifiedpost Group. With the strong foundations we built over the last 20 years, we are now ready to grow and expand further. I am grateful to our staff for their hard work and commitment, and to the investors for their trust and believe in Unifiedpost. ”
To celebrate Unifiedpost’s first trading day, Hans Leybaert, Founder and Chief Executive Officer, rang the bell to open the markets in Brussels today.
