IMCD Group celebrates Initial Public Offering on Euronext Amsterdam
Amsterdam - 27 June 2014 – Today Euronext welcomes IMCD Group, a leading specialty chemicals distributor (ticker symbol: IMCD), on its Amsterdam market. IMCD Group is a market-leader in the sales, marketing and distribution of specialty chemicals. Its local experts provide market-focused solutions across Europe, Asia-Pacific and other emerging markets, with business units offering a broad specialty chemicals product portfolio, including innovative formulations that embrace industry trends. Headquartered in Rotterdam, The Netherlands, IMCD has a turnover of € 1.2 billion and employs over 1,400 professionals in more than 30 countries.
After opening, the first market price was €22 per share. The total market capitalization of the company at opening was €1.1 billion. Piet van der Slikke, CEO of IMCD, said: “Today, we celebrate our listing at Euronext. We were pleased to see this much interest from investors making the IPO succesful. We have a strong growth story, which resonates well in the market. Having worked hard to build the company over the past 13 years, we are now ready for our life on the stock exchange. Being listed gives us access to the capital markets and Euronext provides a solid platform for international companies like IMCD. We would like to thank our investors for their trust in the Company and look forward to continue our growth path.”
“We welcome IMCD to our market. This fast growing company is a great example of Dutch entrepreneurship,” Cees Vermaas, CEO of Euronext Amsterdam said. “IMCD is a perfect complement to the community of international focused companies here in Amsterdam. We congratulate IMCD on its IPO and are proud to partner with the company as it embarks on its journey as a publicly-traded company.”
Anne Louise Metz, Head of Listings for Euronext Amsterdam, said: “We are pleased to welcome IMCD to Euronext Amsterdam. Internationally leading companies like IMCD are using our platform to meet their financial objectives. Across our European platform, we see more companies turning to us to raise both debt and equity. Today alone, three new companies* are holding major IPO’s across the Euronext platform, reinforcing our strategy as a leading capital raising centre.”
CEO of IMCD Piet van der Slikke celebrated the company’s listing by sounding the opening gong which denotes the opening of trading on Euronext. He was joined by IMCD CFO Mr. Hans Kooijmans, the Euronext listing team, and Cees Vermaas, CEO of Euronext Amsterdam.
Please click here to watch the film about IMCD's Gong Ceremony.