The FINANCIAL -- Paris – 12 June 2018 – Euronext announced the listing of microprocessor specialist Kalray, France’s largest IPO since 2012 on its Euronext Growth market.
Founded in 2008, Kalray designed and developed MPPA® (Massively Parallel Processor Array), a unique microprocessor architecture that expands real-time computing power exponentially while keeping energy consumption very low. The company is a spin-off of CEA, France’s Alternative Energies and Atomic Energy Commission, and is now present internationally with over 65 employees based in Grenoble in France and Los Altos in the United States.
Kalray was listed on 12 June 2018 through the admission to trading of 4,336,020 shares making up its capital, including 1,976,649 new shares issued through a Global Offering, according to Euronext.
The offering price was set at €22 per share. Market capitalisation on the day of listing was around €95.4 million, and the operation raised a total of €43.5 million.