Oxatis lists on Euronext Growth

Oxatis lists on Euronext Growth

Oxatis lists on Euronext Growth

The FINANCIAL -- Euronext on April 24 announced the listing of the e-commerce solutions provider Oxatis on Euronext Growth Paris.

Oxatis is the fourth listed company to have participated in Euronext’s TechShare programme, which familiarises growing businesses with capital markets.

Created in 2001, the Marseille-based company, Oxatis offers a SaaS technology platform that allows companies to digitalise their business by developing their online merchant site. The company enables small and medium-sized businesses to take advantage of the potential of e-Commerce, offering them access to technological solutions previously reserved for online sales leaders. Thanks to its advanced B2B features, Oxatis enables SMEs that sell to professionals to grow their business on the booming online market. Oxatis operates in four European countries, France, the United Kingdom, Spain and Italy, and already has nearly 7,000 customers. Through its listing, Oxatis aims to consolidate the technological leadership already achieved with the integration of new functionalities, improve its company brand and accelerate its international growth through new positions aiming for new technological/geographical complementarities, according to Euronext.

Oxatis (ticker symbol: ALOXA) was listed through the admission to trading and listing of 4,271,536 shares on 24th April 2018, including 1,069,766 new shares after the full exercise of the extension option and before the potential exercise of the over-allotment option. The offering price was set at 11.50 euros per share and the company’s market capitalisation on the day of its listing was 49.1 million euros. The total capital raised through the listing of these shares amounted to 12.3 million euros.

After the listing Marc Schillaci, Founder and CEO of Oxatis, stated : “Oxatis’s stock market listing is a source of immense pride for all our employees and partners. It is also, for Marc Heurtaut and myself, the culmination of a long entrepreneurial career. This is the start of a new and even more exciting adventure for Oxatis. I want to thank all the French and international shareholders, institutions and private individuals, who have put their faith in us, backing us at the start of our journey with this successful stock market launch. Our ambition was to expand. Thanks to your support, we now have the resources to make it happen. With the boost to visibility the listing has given us, our European ambitions and our proposed business model, we will now be able to seize new opportunities that will change the Group.”