Euronext N : Groupe OKwind lists on Euronext Growth Paris
07/08/2022 | 07:54am EST
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Groupe OKwind lists on Euronext Growth Paris
€20.2 million raised
Market capitalisation of €88.7 million
4th listing of a cleantech company on Euronext Paris in 2022
17th listing on Euronext Paris in 2022
44th listing on Euronext in 2022
Paris - 8 July 2022 - Euronext today congratulates Groupe OKwind, a specialist in the production of renewable energy and self-consumption solutions, on its listing on Euronext Growth Paris (ticker code: ALOKW).
Groupe OKwind, labelled a French Tech 120 company, designs, manufactures and markets smart energy generation and management systems dedicated to self-consumption for professionals and individuals. Groupe OKwind has developed two complementary areas of expertise: the generation of renewable energy through connected, high-performance photovoltaic trackers, and an energy management offer that ensures optimised energy production and consumption. Thanks to its unique technological ecosystem, Groupe OKwind is establishing self-consumption as a new way of producing and using energy. Groupe OKwind will use the proceeds of its Initial Public Offering (IPO) to finance the company's organic development through the acceleration of its commercial roll-out, the continuation of its investments in Research and Development, and the expansion of its agrivoltaic solutions and its service offering in France and internationally. The IPO will also enable Groupe OKwind to finance the acquisition of new technological building blocks, thus accelerating its development and the implementation of its strategy.
Groupe OKwind was listed through the admission to trading on 8 July 2022 of the 8,201,616 shares making up its equity, including 1,866,535 new shares issued under a Global Offering1, after partial exercise of the extension option and before the potential exercise of the over-allotment option.
The admission and issue price of Groupe OKwind shares was set at €10.81 per share. Market capitalisation was €88.7 million on the day of listing. The IPO raised €20.2 million altogether.
Louis Maurice, Founder and CEO of Groupe OKwind, said: "The successful IPO of the OKwind Group is a transformational step in our history. Our competitive andlow-carbonoffer ofself-consumptionof renewable energy is the ideal response to the challenges of the energy transition as it is available immediately. With €25.2 million of revenues in 2021, our sales momentum is accelerating with a very strong increase in firm orders as of 30 April 2022 confirming our objectives. The success of this operation enables us to provide an immediate response to the environmental emergency by
1 The Global Offering was made up of a Public Offering that included an Open Price Public Offering and a Global Placement with institutional investors in France and other countries.
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accelerating our development, particularly through the deployment of our solutions in France and abroad."
Caption: Louis Maurice, Founder and CEO of Groupe OKwind, and his team rang the bell during a ceremony this morning, in the presence of Frédéric Boiffin, Head of Listing Western France at Euronext, to celebrate the IPO of the company.
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CONTACT GROUPE OKWIND
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About Groupe OKwind
Founded in 2009 by Louis Maurice, Chairman and Chief Executive Officer, Groupe OKwind develops solutions for the production and consumption of green energy in short supply chains. Our comprehensive approach, combining energy generation and management, aims to strengthen energy autonomy and thus accelerate the ecological transition. Thanks to its unique technological ecosystem, Groupe OKwind enables self-consumption to assert itself as a new avenue for energy. A solution that can be quickly deployed, managed in real time and at a competitive price, without subsidies. Every day, we work to deploy local, low-carbon,fixed-cost energy for professionals and individuals. In 2021, Groupe OKwind generated consolidated revenue of €25.2 million and had 131 employees, with more than 2,000 installations throughout France. For further information: www.okwind.fr
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