(AOF) – OKwind Group has announced the launch of its IPO on Euronext Growth in Paris. The specialist in self-consumption of renewable energy specifies that the indicative range of the offer price is between 10.81 euros and 12.35 euros per share. The operation will take the form of a capital increase for an amount of 20 million euros which may be increased to approximately 23 million euros in the event of the full exercise of the over-allotment option.
In the event of full exercise of the extension clause, existing shares will be sold for a maximum amount of approximately 3 million euros.
The purpose of the fundraising is to enable the OKwind group to obtain the financial means necessary to support its development and accelerate its growth.
70% of the product obtained will be allocated to financing its organic development: acceleration of commercial deployment, continued R&D investments, replication of its model in neighboring countries, etc.
The balance, ie 30%, will be used to finance the acquisition of new technological building blocks and equity investments to accelerate its development and the implementation of its strategy.
OKwind has received subscription commitments for an amount of more than 11 million euros, which would represent 59% of the initial offer (excluding the exercise of the extension clause and the over-allotment option).
In 2021, OKwind achieved consolidated revenue of 25.2 million euros and a consolidated EBITDA rate of 9.7%. The company has posted an average annual growth rate of around 75% since 2015, when it achieved operating profitability.
Its objective is to achieve revenue of 35 million euros and a consolidated EBITDA rate of around 10% in 2022 and revenue of 175 million euros and an EBITDA rate consolidated by around 20% in 2026.
The subscription period runs from June 21 to July 4, 2022 inclusive for the open price offer (8 p.m.) and until July 5, 2022 (12 p.m.) for the global placement.