The FINANCIAL -- EnterNext, the Euronext subsidiary dedicated to promoting and growing the market for small and medium-sized companies (SMEs), on December 2 announced the listing of Poulaillon, a family-owned bakery, catering and snack business, onAlternext in Paris.
Drawing on more than 40 years in baking, Poulaillon is a fast-growing business that is firmly established in Eastern France and employs over 500 people. Its client base includes 37 sales outlets as well as large corporate clients, notably in the mass retail sector. The company is also known for its flagship Moricette, a roll made from pretzel dough that is sold plain and with fillings, according to Euronext.
Poulaillon was listed through the admission to trading of the 5,111,119 shares making up its equity, including 1,204,819 new shares issued as part of a Global Offering.
The admission price and issue price of Poulaillon was set at €5.10 per share. Market capitalisation on the day of listing was €26 million, and the operation raised a total of €6.14 million.
Paul Poulaillon, Chairman and founder of Poulaillon, said: “We are delighted to join Alternext Paris today and we thank our new shareholders for their trust. Listing is a milestone for the Poulaillon Group. Funds raised will allow us to step up the development of both our sales outlets and orders from large corporate clients, along with our diversification into mineral water.”
Eric Forest, Chairman and CEO of EnterNext, added:“We are particularly happy to welcome Poulaillon as it lists on Alternext Paris—a reminder that family-owned bussinesses operating in traditional sectors definitely have a place on our markets. The bourse is an excellent financing tool for companies like Poulaillon and will enable them to grow faster and raise their profile.”