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(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.

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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.

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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.

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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.

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