Euronext, Europe’s leading market for tech companies, today celebrates the listing of Showroomprivé, an innovative and rapidly-growing online fashion retailer. To mark the day, the company rang the opening bell for trading on Euronext markets in the presence of Emmanuel Macron, French Minister of the Economy, Industry and the Digital Sector.
Founded in 2006, Showroomprivé, specialised in online fashion private sales, operates in France, its main market, and in eight other European countries. Showroomprivé is one of the fastest-moving online retailers in Europe, with over 20 million members , and has reported profitable growth since its inception. As a pioneer in innovation, it regularly offers new services to improve the customer experience on its website and mobile apps.
Showroomprivé (ticker symbol: SRP) was listed through the admission to trading of 32,804,103 shares, of which 11,603,463 shares were offered in a Global Offering . The Offer was a resounding success with institutional and private investors, and the offer price was set at €19.50 per share. Market capitalisation was €660 million on the day of listing. Showroomprivé is listed in compartment B of the regulated market operated by Euronext Paris.
Eric Forest, Chairman and CEO of EnterNext, commented: “We are delighted to welcome Showroomprivé—a company that testifies to the excellence of French tech in online retailing—to our markets today. Its successful listing illustrates the appeal of companies with impressive growth records for investors, both private and insitutional. Listing will consolidate Showroomprivé’s brand and raise its profile in France and on international markets, and it will also benefit from the initiatives deployed by EnterNext to assist innovative companies as they enter financial markets.”
David Dayan and Thierry Petit, co-founders and co-CEOs of Showroomprivé, added: “Showroomprivé’s successful listing on Euronext reflects investors’ confidence in our business model, along with recognition of our strong performance since the Company’s inception. Listing is a milestone that will enable us to pursue our growth strategy in France and on international markets, and to continue to build our value proposition for our customers and our brand partners.”
