30 October 2018
Board of Directors of Lleida.net (BME:LLN) approves an IPO on Euronext
Madrid, October 30.- The General Meeting of Shareholders of Lleida.net (BME: LLN) yesterday approved the listing of the company's securities on Euronext.
After the vote, taken at request of the Board of Directors of the company, Lleida.net will request in the coming days the Euronext Listing Board (ELB) to quote on the Euronext Growth market, as dual or technical listing.
Thus, the technology company will become the only Spanish trade company with presence both in the pan-European market and in the Alternative Stock Market (MAB).
In particular, the company hopes to be quoting in Paris before the end of 2018.
The shares of Lleida.net, listed in the MAB since 2015, will be sold indiscriminately on the Spanish and European stock exchanges, with independent prices in each of the two markets.
"The decision to go public with Euronext Growth represents a commitment to our shareholders. While betting on the Alternative Stock Market, where we will never stop trading, we want to take Lleida.net to other international markets where we can expand and spread over the world, "explained Sisco Sapena, CEO and founder of the company.
Euronext Growth is the Euronext market that allows small and medium enterprises to access European capital.
As a multilateral trading platform, it allows to operate simultaneously in the Paris, Lisbon and Brussels stock markets.
At yesterday´s closing, the market value was 0.97 euros per share and the capitalization of the company was 15.57 million euros.
The company's shares have been revalued by 44.78 percent since the beginning of the year.
In first nine months of the year, Lleida.net sales exceeded 9.3 million euros, with an EBITDA of over 1.4 million euros, 43% in the same period of 2017.