(News Bulletin 247) – Euronext today celebrated the IPO of Vinpai, a specialist in the design, manufacture and marketing of natural ingredients for food and cosmetics, on Euronext Growth in Paris.
Created in 2011, Vinpai is an ingredien’tech which has developed more than 3,500 formulas of functional ingredients based on algae, plants and minerals and operating in more than 35 countries
Vinpai’s IPO aims to support the company’s strong growth while pursuing its innovation strategy. Vinpai also aims to continue its international expansion.
Vinpai was floated on the stock market by the admission on July 19, 2023 of 2,292,714 ordinary shares making up its capital and 1,068,701 new shares issued.
The admission and issue price of Vinpai shares was set at 6.55 euros per share. The market capitalization was around 22 million euros on the day of the introduction. The IPO raised a total of 7 million euros.
The title is currently gaining nearly 6% over its admission price.
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