Balyo IPO raises €39.8 million on Euronext Paris

Jun 8, 2017 · Market Signal · BALYO · Warehouse Logistics

Balyo raised EUR 39.8 million in its initial public offering on Euronext Paris.

BALYO company media
Company media · BALYO

Evidence notes

  • The offer price was set at €4.11 per share, the top of the indicated range.
  • Investor demand exceeded €230 million, making the initial offering 6.7 times oversubscribed.
  • Trading began on Euronext Paris on 9 June 2017, with settlement and delivery scheduled for 12 June.

Company context

BALYO builds autonomous forklifts and fleet software for pallet movement and high-bay storage. Its portfolio covers turret trucks, reach trucks, stackers and tuggers built on established industrial-vehicle chassis.

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