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Lhyfe launches its IPO in Paris

(AOF) – Lhyfe launches its IPO on Euronext to become a European leader in the production of green hydrogen. The group carries out a capital increase of approximately 110 million euros, which can be increased to 145.5 million euros depending on demand. 32 to 39 million euros are already secured. 25 million from EDP Renovaveis and 7 to 14 million from financial investors CDC Croissance and Amundsen Investment Management. The indicative price range is set between 8.75 and 11.75 euros per share.

The subscription period begins on May 9 and ends on the evening of May 19.

In 2021, the group achieved a turnover of 197,000 euros and an Ebitda of -5,411 euros. It aims for 2026 a turnover of around 200 million and an Ebitda at equilibrium. In the long term, the company expects an Ebitda margin above 30%.

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