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Oxatis lists on the Euronext stock exchange

23rd April 2018

Sector: Technology

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Oxatis, a Saas e-commerce software company, a TempoCap’s portfolio company was announced as a listing on the Euronext Growth stock exchange this Monday, the 23rd of February. Oxatis is the fourth listed company to have participated in Euronext’s TechShare programme, which familiarizes growing businesses with capital markets.

More on Oxatis:

Created in 2001, the Marseille-based company, Oxatis offers a SaaS technology platform that allows companies to digitalize their business by developing their online merchant site.

Thanks to its advanced B2B features, Oxatis enables SMEs to grow their business taking advantage of the full potential of e-commerce. Oxatis is a leader in France and has a direct presence, in the United Kingdom, Spain and Italy. In 2017, the platform had already nearly 7,000 clients which represented over a year €350 million in online orders across over 20 sectors in the B2C and B2B segments.

Oxatis is already working toward its goal of becoming a European leader in e-commerce SaaS. On this growing market, an initial target has been set by the managers who are aiming to reach €20 million in revenues by 2020, which amounts to average annual growth of 25-30% in line with the trend observed since 2008 by the company (average annual growth of +29%). This organic growth should be accompanied by increasing margins, with the aim of achieving positive EBITDA in 2020 and, within five years, a double-digit operating margin, as observed for software-editing companies in SaaS mode.

Debut on the Euronext Growth:

Oxatis (ticker symbol: ALOXA) was listed through the admission to trading and listing of 4,271,536 shares on 24th April 2018, including 1,069,766 new shares after the full exercise of the extension option and before the potential exercise of the over-allotment option. The offering price was set at 11.50 euros per share and the company’s market capitalization on the day of its listing was 49.1 million euros. The total capital raised through the listing of these shares amounted to 12.3 million euros.

About the industry:

Today, approximately 70% of French consumers engage in online purchases; however, only 13% of SMEs in France sell their products online (Eurostat). In Europe, only 19% of companies have adopted e-commerce within their business. Oxatis enables SMEs that sell to professionals to grow their business on the booming online market. Services include experts who automatically update the business site, adds new features and are always available to answer business questions.The market size for Oxatis is growing fast and the company’s introduction to the stock market will generate opportunities. In 2017 only, the business grew by 31% to 9.6 million euros, 20% of which was realized internationally.

After the listing Marc Schillaci, Founder and CEO of Oxatis, stated :

Oxatis’s stock market listing is a source of immense pride for all our employees and partners. It is also, for Marc Heurtaut and myself, the culmination of a long entrepreneurial career. This is the start of a new and even more exciting adventure for Oxatis. I want to thank all the French and international shareholders, institutions and private individuals, who have put their faith in us, backing us at the start of our journey with this successful stock market launch. Our ambition was to expand. Thanks to your support, we now have the resources to make it happen. With the boost to visibility the listing has given us, our European ambitions and our proposed business model, we will now be able to seize new opportunities that will change the Group.”

Source (MondoVisione)

Source (Regulatorynews)

Source (Euronext)

 

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