Euronext today celebrated the IPO of Vinpai, a specialist in the design, manufacture and marketing of natural ingredients for food and cosmetics, on Euronext Growth in Paris.

Founded in 2011, Vinpai is an ingredien'tech that has developed over 3,500 algal, vegetable and mineral-based functional ingredient formulas and operates in more than 35 countries

Vinpai's IPO is intended to support the company's strong growth while pursuing its innovation strategy. Vinpai also aims to pursue its international expansion.

Vinpai was floated on July 19, 2023, with the admission of 2,292,714 ordinary shares and 1,068,701 newly issued shares.

The admission and issue price of Vinpai shares was set at 6.55 euros per share. Market capitalization was around 22 million euros on the day of the IPO. The IPO raised a total of 7 million euros.

The stock is currently up nearly 6% on its listing price.

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