(News Bulletin 247) – The action Lepermislibre, a French specialist in online driving school, fell heavily on Monday for its first day of trading.
The title of the Lyon company, which aims to eventually become the French leader in driving education, dropped 13.8% at midday after being repeatedly suspended from trading.
The reference price had been set at 3.83 euros per share, valuing the market capitalization of the company at approximately 46 million euros following the operation.
The introduction was carried out via the admission to trading of 11.98 million ordinary shares making up the capital of the company, to which are added 2.07 million new shares.
The total amount of the offer represents approximately eight million euros, a sum that should enable it to increase its notoriety, intensify its geographical coverage, strengthen its network of teachers and enrich its services.
Since 2019, the growth of the company – which offers candidates digital methods of learning and reviewing the highway code – has been particularly strong.
Lepermislibre thus aims to achieve a positive operating result in 2024, then a turnover of between 45 and 50 million euros in 2025.
Its structure currently relies on more than 900 state-certified teachers who provide lessons through 1,500 meeting points in more than 500 cities in France.
This formula has already attracted more than 400,000 candidates due to prices 30% cheaper than in traditional driving schools.
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