The price at the close of trading set the company’s market capitalization at EUR 3.5 billion.
The operation represented an amount of EUR 507 million, the largest single offering at listing by a non-domestic share2 in the history of Euronext.
SES GLOBAL is the world's premier satellite operator, wholly owns two market-leading satellite operators, SES ASTRA in Europe, and SES AMERICOM in the US. The company also holds strategic participations in AsiaSat in Asia, Star One and Nahuelsat in Latin America, and NSAB in Europe.
Jean-François Théodore, Chairman and Chief Executive of Euronext NV, said: “We are delighted that SES GLOBAL, based in Luxembourg and world leader in its sector, chose Euronext to round out its existing listings. Its decision reflects our market’s appeal for European companies operating internationally and seeking to raise their profile with investors worldwide.”
Romain Bausch, Chairman and CEO of SES Global, said: “The success of this secondary offering gives evidence of the investor appetite for our stock and confirms the compelling investment characteristics of SES GLOBAL as the best in class satellite operator. The offering coupled with the listing on Euronext Paris will position SES GLOBAL as the reference stock for the Fixed Satellite Services sector.”
SES GLOBAL
ISIN code: LU0088087324
Symbol: SESG
Notes:
- FDRs (Fiduciary Depositary Receipts) are financial instruments that:
- Allow the issuer to identify shareholders, since FDR holders wishing to convert these into shares or exercise voting rights attached to underlying shares must declare their intent.
- May be circulated freely, since there is no ceiling on FDR purchases. Investors interested solely in taking advantage of a rise in the company’s value may thus buy and sell FDRs without restriction.
- Companies domiciled outside France, the Netherlands, Belgium or Portugal.
