HighWave Optical Technologies to List on Paris Nouveau Marche on June 19
06-Jun-2000 09:11 CET
By Alexander Miles
PARIS -- France's HighWave Optical said on Monday (Jun 5) it would list on the Paris Nouveau Marche starting June 19 floating 2,272,000 new shares with a bookbuilding range of between 29 euros and 33 euros.
The company said the offer would include a greenshoe option of 386,000 shares hence 15% of the capitalization.
The company was created two years ago by two former researchers at France's state-controlled France Telecom (FTE.PAR). The company specializes in fiber optic technologies with large telecom operators such as Alcatel and Matra Communications as major customers.
The company said its turnover for the year ending March 31 of this year was 4.5 million euros compared with 1.2 million euros in the same period ending in March 1999.
HighWave projects its turnover to increase to 11.4 million euros in the next year with a net loss of 5 million euros. It said it expects to turn its first profit in the period ending in March 2003 with a turnover projected to exceed 75 million euros.
europeaninvestor.com
Company website:
highwave-tech.com
Quote on Nouveau Marche (scheduled to begin trading 6/20/00) priced at 31Euros (US$29.67), stock code 7639:
Quote (English)
europeaninvestor.com
Quote (French)
bourse.lesechos.fr |
