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Euronext today welcomed Vogo, its first ‘Sportstech’, to Euronext Growth. The company develops, markets and distributes a technology solution that allows live and instant-replay of multi-cam content at sports venues and outdoor events.
Founded in 2013 in Montpellier (southern France), Vogo is dedicated to improving spectator engagement and the spectator experience in sports arenas. The company also provides technology tools that professionals can use for medical issues, referee calls, and analyses of athletic performance. Vogo is diversifying into fashion and entertainment, and has already deployed its technology at live concerts, operas and fashion shows. This Sportstech is keen to accelerate commercial growth on international markets and diversify its revenue streams.
Vogo (ticker code: ALVGO) was listed on 30 November 2018 through the admission to trading of 3,395,191 shares making up its capital, including 1,120,383 new shares issued as part of a Global Offering[1], after partial exercise of the extension clause and before potential exercise of the over-allotment option.
The offering price was set at €11 per share. Market capitalisation on the day of listing was around €37 million, and the operation raised a total of €12.3 million.
At the listing ceremony, Christophe Carniel, Vogo’s co-founder, Chairman and CEO, said: “We are proud to announce our successful listing today on Euronext Growth Paris, despite an unsettled market. And I want to thank all our investors—institutional and individual—for their trust. With their support, we are now on track to build a world leader in tech solutions that deliver live replays of digital broadcasts.”
[1] The Global Offering was made up of a Public Offering that included an Open Price Offer (OPO) in France and a Global Placement with institutional investors in France and other countries.
