NYSE Euronext today announced the listing of SOLABIOS, a company specialized in financing and developing renewable energy systems, on NYSE Alternext in Paris.
Founded in 2007, SOLABIOS develops investment concepts for third-party investors, including individuals, businesses and institutions, based on infrastructure projects using renewable energy. The company oversees operation of its electricity-production systems, historically focusing on solar power, and installs turnkey photovoltaic units on the roof of large buildings in sunny regions.
Listing of SOLABIOS (ticker code: ALSOA) was through the transfer of 597,500 shares making up the company’s capital from the Free Market to NYSE Alternext.
On the day of admission, SOLABIOS’ market capitalization amounted to €10.77 million.
“We are delighted to accompany SOLABIOS in this new stage in its stockmarket development, at a time when interest in renewable energy businesses is running very high,” commented Ronald Kent, Group Executive Vice President and Head of International Listings at NYSE Euronext. “Admission to NYSE Alternext will enable SOLABIOS to increase its visibility and appeal for investors, while accelerating deployment of its strategy.”
Frédéric Errera, Chairman and CEO of SOLABIOS, added: “Listing on NYSE Alternext is the best choice we could have made for our company. In today’s business and financial environment, this transfer not only raises our credibility, it also gives SOLABIOS the clout and backing necessary to meet the challenge of new investments in the renewable energy sector. Continuous trading combined with a liquidity contract will also raise the liquidity of our shares significantly.”
In just over five years, €2.4 billion has been raised on NYSE Alternext, half through secondary issues, by 159 companies from countries including Belgium, Canada, China, France, Italy, Luxembourg, the Netherlands, Spain, the UK and the US. Their market capitalization totals €5.6 billion.
Genesta is the Listing Sponsor of SOLABIOS.