Euronext today celebrated the listing of Mare Nostrum, an innovative human resource specialist for SMEs, on Euronext Growth in Paris (ticker code: ALMAR).
Mare Nostrum is a recognised recruitment and staffing provider serving customers in construction, manufacturing, transport, logistics and services. With over 100 sales offices across Europe, the Group offers customised recruitment, temporary employment, training, professional mobility and payrolling. Mare Nostrum has grown steadily since its founding and 2018 was no exception, with sales of €149 million, up 36% (including organic growth of 23%). From its origins in the southern half of France and the Nantes and Paris regions, Mare Nostrum Group has expanded into other European countries including Portugal, Romania and Poland.
Mare Nostrum (ticker code: ALMAR) was listed on 4 December 2019 through the admission to trading of the 7, 574,968 shares making up its capital, including 1,526,717 new shares issued as part of a Global Offering. [1]
The reference price was €5.24 per share, setting market capitalisation at €39.7 million, and the IPO raised a total of €7.99 million.
Mare Nostrum joins a community of nearly 250 family-owned businesses listed on markets operated by Euronext, whose FamilyShare programme reflects its commitment to their success.Nicolas Cuynat, Chairman and CEO of Mare Nostrum, said: “We are delighted with the success of our IPO which will enable us to accelerate our expansion and step up our strategy of targeted external acquisitions, becoming a force to be reckoned with in human resource services—a genuine creator of human wealth for SMEs. And we would like to thank all of our investors for their trust and participation.”
[1] The Global Offering was made up of a Public Offering that included an Open-Price Offer in France and a Global Placement with institutional investors in France and other countries.
