(News Bulletin 247) – Vinpai, specialist in the design, manufacture and marketing of functional ingredients based on algae and plants for the food and cosmetics industries, announces the launch of its initial public offering in for the admission to trading of its shares on the Euronext Growth® market in Paris.
The capital increase relates to an amount of approximately 5.5 ME, which may be increased to approximately 6.4 ME in the event of full exercise of the Extension Clause and up to 7.0 ME in the event of full exercise of the Over-Allotment Option
The price of the Fixed Price Offer is set at €6.55 per share, corresponding to a pre-money valuation of €15 million.
The company has €4.9 million in subscription commitments (including €1.6 million by offsetting receivables), i.e. 88.6% of the initial amount of the Offer
The subscription period is from July 6 to July 12, 2023 (8 p.m.) for the Fixed Price Offer and until July 13, 2023 (12 p.m.) for the Global Placement. Settlement-delivery is scheduled for July 18, 2023 and the start of share trading is scheduled for July 19, 2023.
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