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With today’s dual listing of Polygone Group on NYSE Alternext in Brussels and Paris, NYSE Euronext is pleased to announce that listings on this market, tailor-made for SMEs, now total 150.
Founded in 2007, communications agency Polygone Group is a global digital business that draws on multimedia expertise to offer clients comprehensive solutions from innovative marketing to brand promotion. Polygone Group operates in Belgium and France, and employs a staff of 134.
Polygone Group (ticker symbol: ALPOL) was admitted to NYSE Alternext by the listing of the 2,416,155 existing shares making up its capital. This followed the private placement with qualified investors in Belgium and France of 646,155 new shares at a subscription price of €6.50 each, for a total €4.2 million. Market capitalization of Polygone Group on the date of admission amounted to €15.7 million.
“NYSE Euronext is very proud to celebrate Polygone Group’s listing on NYSE Alternext today. On the same occasion, we move past the 150-company mark for listings on NYSE Alternext, a market ensuring transparency and supporting liquidity”, said Ronald Kent, Group Executive Vice President and Head of International Listings at NYSE Euronext.
“The success of NYSE Alternext testifies to this market’s excellent response to a need for both financing and visibility by SMEs, which are, in turn, a source of economic growth and momentum creating value and jobs”, added Dominique Cerutti, President and Deputy Chief Executive Officer of NYSE Euronext. “NYSE Euronext will continue moves to facilitate the growth of SMEs by combining simplified access to capital markets with personalised support throughout their life on the stock exchange.”
Thierry Goor and Pascal Lambert, co-founders of Polygone Group, said: “listing will give us the reach we need to pursue external acquisitions and develop organic growth to drive Polygone Group’s continued success. We have been in business four years and will have a staff of over 200 by the end of this month – proof that some companies can use economic turmoil to stand out from the crowd and deliver a strong performance. Being NYSE Alternext’s 150th listed company confirms our conviction that listing was the right move for our business development strategy.”
In just over 5 years, companies from countries including Belgium, Canada, China, France, Italy, Luxembourg, the Netherlands, Spain, the United Kingdom and the United States have raised €2.4 billion on NYSE Alternext, half of this through secondary issues. Market capitalization totals €5.1 billion.
