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EnterNext, the Euronext subsidiary designed to promote and grow its market for SMEs, today announced the listing of SuperSonic Imagine, a company specialized in ultrasound medical imaging, on Euronext’s compartment B in Paris.
Founded in 2005 and based in Aix-en-Provence in southern France, SuperSonic Imagine is revolutionising ultrasound technology, a field that had seen no major breakthroughs in over 15 years. The company’s Aixplorer technology uses software that produces ultrafast scans and displays images with excellent definition, contrast and resolution in real time. It also allows physicians to analyse tissue stiffness immediately, thus expediting cancer diagnoses, and features an all-new Doppler mode for vascular illnesses that offers unparalleled speed and sensitivity.
After five years of sales in radiology, SuperSonic Imagine now has over 800 devices installed in more than 50 countries and is continuing to expand into applications in pediatrics, gynecology, urology and cardiology.
SuperSonic Imagine (NYSE:SSI) was listed through the admission to trading of 11,337,376 existing shares making up the company’s equity and the sale of 4,273,504 new shares issued under a Global Offering, before any exercise of the over-allotment option.
Total demand amounted to €63.8 million, including €55.7 million through the Global Placement and €8.1 million through the Open Price Public Offering.
The admission and issue price of SuperSonic Imagine shares was set at €11.70 per share. The company’s market capitalisation stood at around € 183 million on the issue date, and a total €50 million was raised.
Eric Forest, Chairman and CEO of EnterNext, commented: “We would like to extend warm congratulations to SuperSonic Imagine on its successful IPO, whose benefits include raising the company’s profile and reinforcing its image in France and on international markets. EnterNext is delighted to accompany this innovative French company in the implementation of its growth strategy.”
Jacques Souquet, SuperSonic Imagine founder and Chairman & CEO, added: “We are delighted with SuperSonic Imagine’s successful IPO on Euronext’s regulated market in Paris. Listing will extend our reach exponentially, both in France and on international markets, as we continue to grow. It represents a milestone in our company’s growth and I would like to thank all of our shareholders—old and new—and our partners and employees for their support and contributions to this success, which is also theirs.”
