Paris, 25-4-2014 — /EuropaWire/ — EnterNext, the Euronext subsidiary designed to promote and grow its market for SMEs, today celebrated the listing of AwoX, a pure player in connected objects and technologies for the Smart Home, on Euronext’s regulated market in Paris (compartment C).
Founded in 2003 by Alain Molinié and Eric Lavigne, AwoX designs hybrid connected objects and technologies for the Smart Home. Since spring 2013, the company has marketed its own range of connected objects under the AwoX Striim name, focusing on three related areas—lighting, audio and video. Recognised as an innovative company by BpiFrance, AwoX has invented products including the AwoX StriimLIGHT WIFI™, a hybrid light bulb combining sound and light that won the CES Innovations 2014 Design & Engineering Award at the CES trade show in Las Vegas in January 2014. AwoX has also become the key player in wireless connectivity technology under the DLNA (Digital Living Network Alliance) worldwide standard, and is now a life member of the DLNA Board of Directors and the head of the Certification Committee.
AwoX (ticker symbol: AWOX) was listed through the admission to trading of the 2,454,392 ordinary shares making up the company’s equity and 1,109,535 new shares issued under a Global Offering, including full exercise of the extension option and the over-allotment option.
The company’s IPO was targeted at both French and international institutional investors, as well as individual investors. Total demand was €107.3 million, and the offer was oversubscribed 5.7 times.
The admission and issue price of AwoX shares was set at €19.38 per share, at the high end of the indicative price range. Market capitalisation was around €69.1 million on the day of listing. Altogether the offering raised nearly €25 million, including €21.5 million for the capital increase.
“We would like to welcome AwoX, a Frenchtech whose expertise in connected objects has sent a gust of innovation sweeping through the Bourse. EnterNext’s teams are delighted to accompany AwoX in helping raise its profile with investors and develop its growth projects,” said Eric Forest, Chairman and CEO of EnterNext.
AwoX Chairman and CEO Alain Molinié added: “We are delighted at institutional and individual investors’ enthusiastic response to AwoX’s listing. We will use funds raised to step up our development and take advantage of the tremendous prospects ahead for connected objects sold over the internet, in particular our Smart Home line. Our aim is to make AwoX a leader in its markets for both technology and sales.”
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The Global Offering was made up of a Public Offering that included an Open Price Public Offering and a Global Placement with institutional investors in France and other countries.
Caroline Tourrier (Paris): +33 1 49 27 10 82
AwoX/ Actus finance & communication:
Nicolas Bouchez: +33 1 77 35 04 37
AwoX is a pure player in Smart Home connected hybrid objects and related technology. Since spring 2013, the company has been marketing its own range of objects, given the name ‘AwoX Striim’, and made available in 3 complementary Smart Home sectors: video, audio and lighting. AwoX is also the inventor of AwoX StriimLIGHT WiFi™, a hybrid (sound and light) bulb, awarded, in January 2014, with the CES Innovations 2014 Design & Engineering Award at the CES trade show in Las Vegas.
AwoX has also become the key player in wireless connectivity technology under the DLNA (Digital Living Network Alliance) worldwide standard, and is now a life member of the DLNA Board of Directors and the head of the Certification Committee.
AwoX is an established global organisation, with commercial offices in the United States (Palo Alto), Europe (Montpellier), China (Shenzen) and Taiwan (Taipei) and a subsidiary office in Singapore dedicated to industrialisation, production and sourcing.
For more information, visit AwoX.com
Launched in May 2013, EnterNext is the subsidiary of the Euronext Group designed to develop and promote its stock markets specifically for small and medium-size enterprises (SMEs). Drawing on its pan-European presence, EnterNext brings together all Euronext Group initiatives for companies with market capitalisations under €1 billion, including companies listed in the B and C compartments of its regulated European markets and on Alternext, the market tailored to the needs of SMEs. EnterNext plays an active role in facilitating SMEs’ access to financial markets, helping them generate the funds they need to grow at regional, national and pan-European level. Euronext is a wholly owned subsidiary of IntercontinentalExchange Group (ICE).
Euronext is the primary exchange in the Euro zone with over 1,300 issuers worth €2.6 trillion in market capitalization, an unmatched blue chip franchise consisting of 20+ issuers in the EURO STOXX 50® benchmark, and a strong diverse domestic and international client base.
Euronext operates regulated and transparent equity and derivatives markets. Its total product offering includes Equities, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. Euronext also leverages its expertise of running markets by providing technology and managed services to third parties. Euronext operates regulated markets, Alternext and the Free Market; in addition it offers EnterNext, which facilitates SMEs’ access to capital markets.
Euronext is a wholly owned subsidiary of IntercontinentalExchange Group (ICE).
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 – Statements in this press release regarding ICE’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE’s Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE’s Annual Report on Form 10-K for the year ended December 31, 2013, as filed with the SEC on February 14, 2014.