Family-owned Cogelec lists on Euronext

Family-owned Cogelec lists on Euronext

The FINANCIAL -- Paris – 18 June 2018 – Euronext welcomed Cogelec, in access control systems for building complexes, to Euronext Paris.

Founded in 2000, Cogelec produces innovative entry and access solutions especially for residential building complexes. The company is based in western France and is the sole French business to design, manufacture and market door-entry intercoms and other access control systems. It now exports its products to 12 European countries, according to Euronext.

Cogelec took part in FamilyShare, a programme set up by Euronext in tandem with European partners to assist and coach individuals from unlisted family-owned companies interested in financing solutions offered by the stock market through IPOs or other operations. Cogelec has now joined the 243 family-owned companies listed on all Euronext markets, representing a total market capitalisation of €1,124 billion.

Cogelec (ticker code: COGEC) made its market debut on 18 June 2018 through the admission to trading of the 8,898,048 shares making up its capital, including, 3,292,275 new shares issued through a Global Offering[1] after the full exercise of the extension clause and before partial exercise of the over-allotment option.

The offering price was set at €11.75 per share. Market capitalisation on the day of listing was around €105 million, and the operation raised a total of €38.7 million.