(News Bulletin 247) – Florentaise is giving institutional investors a little extra time to participate in its IPO. The offer intended for them is extended until 5 p.m.

Florentaise grants a little time to institutional investors who would not have had time to subscribe to the offer intended for them. The pioneer in low-carbon soils has announced its decision to extend the subscription period for shares offered to institutional investors as part of its IPO on the Euronext Growth Paris market.

Initially scheduled until 12:00 p.m. (Paris time) on Wednesday, the offer period for the global placement has been extended until 5:00 p.m. (Paris time) today at the request of several investors in order to facilitate their participation. on offer. The offer intended for individuals has been closed since Tuesday April 4 in the evening.

The company is thus putting all the chances on its side to follow in the footsteps of the company Lepermislibre, which inaugurated the ball for IPOs this year.

A pioneer in low-carbon soils

Florentaise launched its initial public offering on Wednesday March 22. On this occasion, it communicated an indicative price range of between 9.44 euros and 12.76 euros per share. Based on the middle of this price range, or 11.1 euros per share, the company expects to raise around 28 million euros. This amount may be increased to €32.2 million in the event of the full exercise of an extension clause, and to €37 million in the event of the full exercise of an over-allotment option.

Founded in 1973, Florentaise is a company that employs 245 people. Its some 600 references in own brands or private labels are sold in major brands, such as Truffaut, Botanic, Lidl, or Intermarché. In the medium term, the company expects to generate revenues of 120 million euros and an operating margin of more than 20% by the end of its financial year ending in June 2027.

According to the calendar provided by the company, the listing of Florentaise shares on Euronext Growth, a compartment of the Paris Stock Exchange dedicated to SMEs and ETIs, should begin on April 12.