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NYSE Euronext have celebrated the listing of Blue Solutions (NYSE:BLUE), Bolloré Group’s specialised energy storage subsidiary, in compartment B of its regulated market in Paris.
In a statement the comapny said that they produce and sell “innovative electric batteries and supercapacitators based on its clean technology. Concern with pollution and other environmental issues combined with growing urban sprawl around the globe have made mobility solutions other than conventional cars – electric vehicles, hybrid vehicles and co-sharing options – more attractive”.
The lithium-metal-polymer batteries made by Blue Solutions are used in car-sharing services in Paris (Autolib’) and Lyon (Bluely) – and soon in Bordeaux (Bluecub) and Indianapolis.
Headquartered in western France at Ergué-Gabéric, Blue Solutions operates production sites in both France and Canada. Its batteries and supercapacitators are used for energy storage applications, both mobile and stationary, developed and marketed by Blue Applications, made up of Bolloré Group companies.
Blue Solutions was listed through the admission to trading of 28,838,316 existing shares making up the company’s equity and the sale of 2,883,832 existing shares issued under a Global Offering[1], excluding the exercise of the greenshoe option. The Public Offering was oversubscribed 15 times. The total amount raised was around €41.8 million.
The admission and issue price of Blue Solutions shares was set at €14.50. Market capitalisation stood at around €418 million on the day of listing.
“It is an honour to welcome Blue Solutions, experts who are helping to develop the technology solutions of the future to meet our environmental challenges today. Over the past few years, NYSE Euronext has become a major vector for raising funds for clean-tech businesses, and we now count 33 companies listed on our European market representing total market capitalisation of nearly €19 billion,” said Marc Lefèvre, Head of European Business Development and Client Coverage, Listings Europe, at NYSE Euronext.
“This listing and the full range of products and services offered by EnterNext, the NYSE Euronext subsidiary dedicated to promoting and growing the SME market, will enable Blue Solutions to pursue its investments, step up its growth, and become a leading global player in energy management and storage solutions” continued Mr Lefèvre.
Vincent Bolloré, Chairman of Blue Solutions, said, “After twenty years of hard work and R&D, our teams at Blue Solutions, with their unique expertise and know-how, are immensely proud to see their work listed on NYSE Euronext in Paris. Harnessing exclusive technology and new electricity storage solutions that are now recognized worldwide, Blue Solutions will make an active contribution to the green energy transition and fight against pollution.”
To celebrate the listing, Vincent Bolloré rang the Opening Bell for NYSE Euronext’s European market. He was accompanied by Blue Solutions’ management teams, advisors and financial and legal affairs partners, along with teams from NYSE Euronext and EnterNext.
