Science4You enters the stock market worth 34 million euros – Business

Science4You enters the stock market worth 34 million euros - Business

The toy and science-based activities company has seen its prospect of offers receive green light from the CMVM and will begin selling shares at 2.45 euros.

The Portuguese company Science4You was admitted to Euronext Growth, after approval of the prospect of subscription offers by the Securities Market Commission. The subscription period starts today, Wednesday, and runs until December 14, with the price set at 2.45 euros per share, with the scientific toy company being valued at 34 million euros.

According to the Vivo Cash, the offer has two components: a public offer of subscription of new shares, in order to increase the capital, with a maximum of 3,367,346 titles, making up 24.26% of the company's capital, of EUR 6.75 million; and the public offer for the sale of shares that have already been issued (2,755,102 securities) corresponding to 19.85% of the capital of Science4You, and a value of 8.25 million euros. The shareholders include the venture capital fund Portugal Ventures and the Millennium Fund for Capitalization.

The results of the stock exchange operations will be announced on December 17 in a special session held by Euronext. The admission to trading of shares on Euronext Growth takes place on December 21, reports the DV. Miguel Pina Martins, CEO of Science4You, mentions that the capital increase aims to obtain funds for strategic business financing of the company, aiming at its internationalization and a business model focused on e-commerce.

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