Fundraising of €14.2 Million for the first Sportech on EURONEXT GROWTH® PARIS
Yesterday VOGO announced its large and successful initial public offering on Euronext Growth Paris (ISIN Code: FR0011532225 / Symbol: ALVGO).
VOGO’s Board of Directors set the offer price at €11 per share, in the indicative price range between €10.01 and €12.63.
Furthermore, it decided to partially exercise the extension clause, enabling VOGO to raise €12.3 million, which may be increased by up to €14.2 million if the overallotment option is fully exercised.
Total demand came to 1,321,650 shares, including 94% under the global placement (mainly intended for institutional investors) and 6% under the open price offer (mainly intended for individual investors), such that the offering was 1.3 times oversubscribed.
- Settlement/delivery scheduled for 29 November 2018
- Trading to begin on the Euronext Growth® in Paris on 30 November 2018