NYSE Euronext today announced the listing on NYSE Alternext in Paris of Phenix Systems, a leader in patented laser sintering technology.
Founded in 2000, Phenix Systems designs, manufactures and markets powder bed-based additive manufacturing equipment. Components are made directly from three-dimensional images in CAD software. Each section of the component is laser-sintered in solid phase with or without instantaneous consolidation at the melting point, depending on the material used.
Phenix Systems opened a US subsidiary in January 2011 and plans to establish a presence in Asia by 2012. The company is based in Riom, France and has 48 employees.
Phenix Systems (ticker code: ALPHX) was listed through the admission to trading of the company’s 801,820 existing shares, 219,595 new shares issued under a Global Offering[*], and 134,608 shares resulting from the conversion of bonds and preferred shares. The Global Offering raised a total of €3.5 million.
The admission and issue price of Phenix Systems shares was set at €16.02. Market capitalisation stood at €18.5 million on the day of listing.
“We are delighted to welcome Phenix Systems, a benchmark player in the additive manufacturing equipment sector, to NYSE Alternext,” said Ronald Kent, Group Executive Vice President and Head of International Listings at NYSE Euronext. “By listing on NYSE Alternext, Phenix Systems will diversify its sources of financing and gain access to the capital it needs to meet its strategic growth targets, particularly in the global market.”
Phenix Systems co‐founders François Reymondet and Patrick Teulet added, “Listing Phenix Systems on NYSE Alternext signals a period of accelerated growth for our company. With our acknowledged expertise in laser sintering of metal and ceramic powders, Phenix Systems is growing in France and worldwide. Capital raised through listing will fuel that growth and our international expansion. We’d like to thank all of the individual and institutional investors who have placed their confidence in us at this turning point in our company’s history.”
In six years, €2.4 billion has been raised on NYSE Alternext, half through secondary issues, by 174 companies from countries including Belgium, Canada, China, France, Italy, Luxembourg, the Netherlands, Spain, the UK and the US. Their market capitalisation totals €5.6 billion.
(*) The Global Offering was made up of an Open Price Public Offering and a Global Placement with institutional investors in France and other countries.