TECHNOLOGY COMPANY LISTS SHARES ON LUXEMBOURG STOCK EXCHANGE’S MAIN MARKET IN BID TO GAIN GREATER VISIBILITY IN EUROPE
Luxembourg, 16-Aug-2016 — /EuropaWire/ — On 11 August 2016, the Luxembourg Stock Exchange (LuxSE) listed and admitted to trading common shares from Globant, a global IT and software development company.
Globant’s shares ISIN LU0974299876 were admitted to trading on LuxSE’s “Bourse de Luxembourg” (BdL) main market. Globant has listed 34,594,324 shares, which at today’s price of $43.91 a share represents a market capitalisation of about $1.52 billion (€1.36 billion).
Formed in 2003, Globant provides technology services and software solutions to companies worldwide with a strong presence in North America and Latin America. The company, which is incorporated in Luxembourg but has offices around the world, launched an IPO in 2014 and listed on the New York Stock Exchange (NYSE).
The shares listing at LuxSE, a secondary listing alongside the existing one on NYSE, has been described by Globant as: “a strategic move to get more visibility in the European marketplace and to enable European investors to have direct access to [Globant’s] common shares”.
LuxSE is a popular listing venue for companies based both in Luxembourg and outside the Grand Duchy. As of June 2016, LuxSE lists 227 different shares and global depositary receipts, representing a a total market capitalisation of €238 billion.
With 40,000 listed securities, including some 26,000 bonds, from 3,000 issuers in 100 countries, LuxSE is the world’s number one exchange for the listing of international securities and offers a unique full service throughout listing, trading and reporting. LuxSE operates two markets: an EU regulated market (“Bourse de Luxembourg”) and an exchange-regulated market (“Euro MTF”). All securities are tradable on Euronext’s UTP platform. LuxSE also operates a specialist subsidiary, Fundsquare, which provides services to substantially support and standardise cross-border distribution of investment funds.
More information on www.bourse.lu
SOURCE: Luxembourg Stock Exchange