Euronext has just announced the listing of microprocessor specialist Kalray, France’s largest IPO since 2012 on its Euronext Growth market.
Founded in 2008, Kalray designed and developed MPPA® (Massively Parallel Processor Array), a unique microprocessor architecture that expands real-time computing power exponentially while keeping energy consumption very low. The company is a spin-off of CEA, France’s Alternative Energies and Atomic Energy Commission, and is now present internationally with over 65 employees based in Grenoble in France and Los Altos in the United States.
Kalray (ticker symbol: ALKAL) was listed on 12 June 2018 through the admission to trading of 4,336,020 shares making up its capital, including 1,976,649 new shares issued through a Global Offering.
The offering price was set at €22 per share. Market capitalisation on the day of listing was around €95.4 million, and the operation raised a total of €43.5 million.
Kalray CEO Eric Baissus has declared:
We are delighted with investors’ enthusiastic response to our IPO. We would like to extend warm thanks to both institutional and retail investors for their trust and strong support for Kalray’s listing, and also thank the industrialists that have become shareholders, confirming the potential of our technology.
We also want to thank our existing shareholders who have renewed their support for our ambitious growth strategy. Funds raised will finance our technology roadmap and rollout of new generations of intelligent processors, including our third-generation Coolidge processor starting in 2019, and the large-scale deployment of Kalray products.