Tarkett begin Euronext listing

PUBLISHED: 24 Nov 2013 @ 23:31 | Comments (0) |

Tarkett, a flooring solutions and sports surfaces firm, have began listing in Paris on Euronext N.V., a wholly owned subsidiary of IntercontinentalExchange Group, Inc. (NYSE:ICE).

Tarkett provides integrated flooring and sports surface solutions to professionals and end-users in the residential and commercial markets. Leveraging over 130 years of experience, the Group offers fully-integrated flooring solutions that represents one of the widest and most innovative product ranges in the industry. Tarkett currently sells in the aggregate an average of 1.3 million square meters of flooring per day, and operates 30 manufacturing sites located around the world in each of its principal geographic regions.

Tarkett (NYSE:TKTT) was listed through the sale of 15,918,765 existing shares, before exercice of the over-allotment option, through a Intitial Public Offering including an Open Price Public Offering and a Global Placement with qualified investors in France and other countries, representing a total of €461.64 million. Based on the final admission price of €29 euros per share, market capitalisation was €1,8 billion on the day of listing.

“We are proud to welcome Tarkett, a French champion and world leader in its sector, to our Paris market. This is one of the largest listings in Paris since 2009. And after Numericable in early November, it confirms the steep rise in business that we are seeing on our markets,” said Marc Lefèvre,Head of European Business Development and Client Coverage, Listings Europe, at NYSE Euronext.

“NYSE Euronext is delighted to accompany this family-owned group once again for the next chapter in its outstanding entreneurial journey,” he added.

Michel Giannuzzi, head of Tarkett’s Management Board, said “We are particularly pleased with the excellent reception of our Group, both in France and internationally, and the great success of our IPO. Today, Tarkett benefits from all of the strengths necessary to pursue its profitable, sustainable growth dynamic: a healthy, solid financial structure, a balanced geographical presence and a broad portfolio of solutions in the flooring and sports surface markets. Supported by our historical shareholders, we are proud to welcome on board the new shareholders who have joined us, thereby demonstrating their confidence in our strategy.”

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