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Euronext today welcomed Roche Bobois, an international pacesetter in high-end furniture and French art de vivre, to celebrate its listing on Euronext Paris.
Founded in 1960 by the Roche and Chouchan families, the group has developed two brands: Roche Bobois, a global leader in high-end home furnishings, and Cuir Center, a French specialist in mid-range sofas. Over the years it has launched a unique selection of premium furniture designs that reflect French art de vivre, developing long-term partnerships with some fifty renowned designers and architects including Jean Paul Gaultier, Marcel Wanders and Ora Ito. Today Roche Bobois operates a network of 329 stores, 157 in France and 172 in other countries.
Roche Bobois (ticker symbol: RBO) was listed on 9 July 2018 through the admission to trading of 9,875,216 shares, including 987,521 allocated shares within the offer and excluding the potential exercise of the over-allotment option.
The offering price was set at €20 per share. Market capitalisation on the day of listing was around €198 million.
At the listing ceremony, Roche Bobois management board chairman Gilles Bonan said: “I would like to express our warmest thanks to the institutional and retail investors that have expressed confidence in us by becoming shareholders. It is a source of pride for our small, family-owned company and for our employees, franchisees and shareholders to be opening our capital up to the public for the first time. This transaction comes at a key stage for us as we step up the pace of growth, particularly on international markets. And because it puts the Roche Bobois group in the spotlight, heightening our visibility and extending our reach in France and around the world, it will surely attract new talent. Our teams are working all-out to implement a bold business strategy for the years ahead and meet growth targets for both sales and profits.”
