Aperam, a leading independent stainless, electrical and specialty steels company, today celebrates its listing on the European market of NYSE Euronext as well as its inclusion in the AEX-index.
Aperam, the demerged stainless, electrical and specialty steel activities of ArcelorMittal, sells its products to customers from various sectors such as aerospace, automotive, catering, construction or household appliances, in over 30 countries. Aperam is the largest stainless and electrical steel producer in South America and one of the largest for stainless steel in Europe.
Aperam (ticker symbol: APAM) was admitted to NYSE Euronext in Amsterdam on a “As If and When issued” (AIW) basis today. After opening, the first market price was € 28.00 per share. Based on the total number of 78,049,730 shares the total market capitalization of the company at the opening price was € 2,185 billion.
On 31 January 2011, the settlement of the new shares will take place and the company will also be admitted on NYSE Euronext in Paris. Trading takes place in the NYSE Euronext Single Order Book. NYSE Liffe, NYSE Euronext’s European derivatives businesses, will list options on Aperam shares on its Amsterdam market on the same day.
“We are happy to welcome Aperam on both our Amsterdam and Paris markets, said Ronald Kent, Group Executive Vice President and Head of International Listings at NYSE Euronext. This benchmark listing, one of the largest on NYSE Euronext in recent times in terms of market capitalization, is the first major European listing of 2011 and demonstrates the increasing attractiveness and benefits of our cross-border listing program.”
Bernard Fontana, CEO of Aperam, added: “We are thrilled and proud that Aperam has now been launched as an independent stainless and specialty steel company. We look forward to continue to develop our excellent customer, supplier and employee relationships, and, as a listed company, to benefit from the exposure to the investor community active on this major stock exchange.”
To mark today’s special occasion, Bernard Fontana, CEO of Aperam, sounded the Gong which denotes the opening of NYSE Euronext’s European market, joined by Aperam executives, the listing agent and legal advisors, the NYSE Euronext listing team and Cees Vermaas, CEO NYSE Euronext Amsterdam.