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NYSE Euronext today announced the listing on NYSE Alternext in Paris of UCAR, a company specialized in short-term, low-cost rentals of cars and vans.
Founded in 2000, UCAR offers a wide selection of vehicles for professional and private use. The company manages a fleet of nearly 7,000 vehicles with 1,000 rented out under long-term contracts and 6,000 for short and medium-term rentals. UCAR operates 213 outlets in France and employs nearly 140 direct employees, as well as 500 more through various networks, including both franchise holders and their employees.
UCAR (ticker code: ALUCR) was listed through the admission to trading of 1,679,252 existing shares and distribution of 332,065 shares including 63,372 new shares issued under a Global Offering.[1] The Global Offering raised a total of €4.9 million.
The admission and issue price of UCAR shares was set at €14.89. Market capitalization stood at €25.9 million on the day of listing.
“We welcome the listing of UCAR, a car rental specialist creating new services to meet the needs of today’s drivers,” said Ronald Kent, Group Executive Vice President and Head of International Listings at NYSE Euronext. “Listing will allow UCAR to step up its investments while making the most of growth in its market.”
Jean-Claude Puerto, Chairman & CEO and founder of UCAR, added: “We are delighted at our successful listing, which will allow us to expand our network and raise our profile on a market set for strong growth in the years ahead. We look forward to building UCAR’s future together, and will continue to create value for our shareholders.”
In six years, €2.4 billion has been raised on NYSE Alternext, half through secondary issues, by 171 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.
