Maisons du Monde celebrates successful listing on Euronext

Maisons du Monde celebrates successful listing on Euronext

Maisons du Monde celebrates successful listing on Euronext

The FINANCIAL -- EnterNext on May 27 celebrated the first day of trading for Maisons du Monde, the European leader in home decoration and furniture collections.

Twenty years ago, Maisons du Monde developed a unique and inspirational universe of homeware designs, offering affordable collections that showcase multiple styles, built on a design-to-cost process and an omnichannel approach. French consumers responded enthusiastically and its success soon spread to other markets in Europe. At the end of 2015, the Group operated 262 stores in seven countries and an e-commerce platform serving customers in eleven European countries. Maisons du Monde has recorded uninterrupted double-digit top-line growth for fifteen years. Today’s listing will give it greater financial flexibility as it expands its selective, omnichannel development strategy in France and internationally, according to Euronext.

Maisons du Monde was listed through the admission to trading on 27 May 2016 of 45.241.894 shares, including 9.411.764 new shares and 10 000 000 existing shares issued as part of a public offering. The offering was enthusiastically received by investors.

The admission price was set at €17.00 per share, and market capitalisation on the date of listing was €769 million. Maisons du Monde was listed in compartment B of the Euronext Paris regulated market.

Gilles Petit, Chairman and CEO of Maisons du Monde, said:“We are delighted with the success of our listing. Investor interest is a sign of confidence in Maisons du Monde’s unique model and growth strategy. Listing has given us increased financial flexilibity that will enable us to step up our growth in France and on international markets in a growing market.”