Reinsurance group PARIS RE was today listed on Euronext Paris.
On this occasion, PARIS RE placed 11.6 million shares to raise a total of €224.5 million. On the basis of today's first traded price, the company's market capitalization stands at €1.65 billion.
Hans-Peter Gerhardt, Chief Executive Officer of PARIS RE commented "We are proud to see PARIS RE Holdings Limited successfully listed on Euronext, marking a new milestone in its still recent history. We look forward to welcoming new shareholders and developing with them the same kind of close ties we already enjoy with our existing shareholders. I would like to thank our advisers and the PARIS RE staff members whose unstinting efforts that have enabled us to achieve this success."
PARIS RE is the 85th company to be listed on Euronext in 2007. Altogether, over €5 billion have been raised since the beginning of the year through new listings, which have also added €52 billion to total capitalization on Euronext markets.
