The FINANCIAL -- Philips Lighting and Euronext announced on May 27 the start of trading of Philips Lighting on the Amsterdam market of Euronext. The listing follows the company’s successful Initial Public Offering (IPO). With a total offering value of € 750 million Philips Lighting is the largest IPO in Europe since the start of the year.
The company today celebrated its listing on Euronext Amsterdam by sounding the gong, according to Euronext.
Eric Rondolat, CEO at Philips Lighting, said: “Today with the listing of Philips Lighting as a standalone company on Euronext Amsterdam, we begin a new chapter in a long history of innovation and global market leadership that started in Eindhoven 125 years ago. Our listing is a historic milestone and testimony to the hard work of our employees, who are supporting the expansion of our global market-leadership by helping to drive the transition to LED and connected lighting systems and services. We welcome our new shareholders and thank them for their trust in our company and strategy.”
Maurice van Tilburg, CEO at Euronext Amsterdam, said: “We are truly excited to welcome Philips Lighting, a strong and innovative brand with a rich heritage in lighting industry. The company has pioneered in many technological innovations and established an impressive track record in LED-based technology. Euronext Amsterdam is proud to facilitate Philips Lighting now and in their future innovative journey.”