NYSE Euronext today announced the transfer of STS Group from the Free Market to NYSE Alternext.
Founded in 2000, STS Group is a European leader in electronic document management, which includes archiving and exchange of documents with a guarantee of legal validity. The company produces and sells STS Suite, a modular software package that creates a digital environment for applications including issuance and management of official certification, electronic voting, and more. This package is now distributed to over 250 major clients by partners in France and abroad.
STS Group (ticker symbol: ALSTS) was admitted to NYSE Alternext through the direct listing of the 6,217,799 shares making up the company’s capital. Market capitalization on the date of admission amounted to €104.5 million.
“We welcome this opportunity to assist STS Group as it enters a new stage in growth, and to contribute to the development of innovative new technologies that ensure the confidentiality, durability and legal value of digital records,” said Ronald Kent, Group Executive Vice President and Head of International Listings at NYSE Euronext. “ The company’s transfer to NYSE Alternext will enhance the environment of trust it has already established and give STS Group the benefits of a supervised market that supports liquidity.”
Bernard Calvignac, Chairman and CEO of STS Group, added: “Listing on NYSE Alternext is an important stage in our development and will help extend the international reach of our company and our software.”
In just over five years, €2.4 billion has been raised on NYSE Alternext, half of this through secondary issues, by 154 companies from countries including Belgium, Canada, China, France, Italy, Luxembourg, the Netherlands, Spain, the United Kingdom and the United States. Market capitalization totals €5.1 billion.