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Prodways Lists On Euronext - Market Capitalisation Around €232 Million On The Day Of The Listing And The Transaction Amounted To A Total Of €51 Million

Date 12/05/2017

Euronext today welcomed Prodways Group, specialist in industrial and professional 3D printing solutions in Europe, to compartment B of its regulated market Euronext Paris. Prodways joins the 330 technology companies listed on the Euronext pan-European markets and reflects this sector’s dynamism. Prodways’ initial public offering  has been particularly successful amongst retail investors who have committed around €51 million. This participation is a record for a small and mid-cap company since the creation of EnterNext in May 2013.

A subsidiary of Groupe Gorgé, a family-owned industrial group, Prodways is an integrated player that masters the entire 3D-printing value chain, from the manufacture of machines and associated innovative materials, to the design of parts on demand including small and large production runs. The company offers a wide range of 3D printing systems and manufactures accessories for sectors including aeronautics and healthcare, delivering turnkey solutions to its customers.

Prodways Group (ticker code: PWG) was listed through the admission to trading on 12 may 2017 of 48 237 529 shares including 10 570 192 new shares issued through a Global Offering1.

The offering price was set at €4.80 per share. Market capitalisation was around €232 million on the day of listing based on the offering price, and the transaction raised a total of €51 million.

 “We are very pleased of the amazing reception dedicated to Prodways by French and international investors, and of the remarkable success of our initial public offering”, said Raphaël Gorgé, Chairman and CEO of Prodways Group. “Prodways is uniquely positioned as an integrated European player, and our aim is to become a world leader in industrial 3D printing.”


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