July 02, 2010
NYSE Euronext welcomes Edenred to its European market
Edenred, the world leader in prepaid service vouchers, today celebrated its listing on NYSE Euronext in Paris.
The largest listing on NYSE Euronext in Europe in two years
The company was created and adopted its present name when the Accor group split its hotel and prepaid service voucher operations. Edenred develops products that enhance personal well-being (Ticket Restaurant, Ticket Alimentation, Childcare Vouchers, Ticket CESU...) and improve the performance of organizations (Ticket Car, Ticket Compliments…).
Some key figures
- 40 countries
- over 6,000 employees
- 500,000 private and public-sector customers
- 33 million voucher users
Edenred (ticker symbol: EDEN) was admitted to NYSE Euronext by direct listing of the 225,897,396 shares making up its capital, at a subscription price of €11.40 each based on the closing price of Accor shares on July 1, 2010. Market capitalization on the date of admission amounted to €2.58 billion, making this the largest listing of a domestic company on NYSE Euronext’s European market in two years.
“We are delighted to welcome Edenred to NYSE Euronext in one of our market’s largest admissions in recent months, comments Dominique Cerutti, Deputy Chief Executive Officer of NYSE Euronext. Going public is a strategic decision that brings company employees together to work towards a common goal, reinforcing structures and organization to energize a business while making it particularly visible to investors and the financial community.”
“We extend a warm welcome to Edenred and are very pleased to accompany it in this new phase in its development, fuelling growth and extending its reach, comments Ronald Kent, Group Executive Vice President and Head of International Listings at NYSE Euronext. Admission to the market will give the company and its shareholders the benefits of the world’s most efficient market model and largest liquidity pool.”
Jacques Stern, Chairman and Chief Executive of Edenred, says: “Our listing on NYSE Euronext will raise our profile as the world leader in prepaid service vouchers, and enable us to accelerate our growth in the years ahead.”
