Oxatis announces intention to float

Oxatis will be listed on 24 April. A maximum of 930,232 new shares will be issued at a price of between €9.14-12.36 per share. The final price will be fixed on 19 April.

With its IPO, Oxatis hopes to raise up to €10m. This amount will be increased to approximately €11.5m in case of the full exercise of the extension clause and to approximately €13.2m in the event of full exercise of the extension clause and the option of overallocation.

Currently, TempoCap and Omnes Capital have stakes of around 30% each, SofiOuest and private investors hold around 10% each, and the management owns around 18%.

In October 2016, Arkéa Capital, A Plus Finance and Omnes Capital provided €4m in a series-D round for the business. The transaction marked the fourth funding round raised by the firm and brought the total funding it had received at that point to €13.5m.

Founded in 2001, Oxatis is headquartered in Marseille with additional offices in Lyon, Paris, Bordeaux, London, Milan and Barcelona. The group provides an e-commerce SaaS platform to European online retailers. The company had a workforce of 150 at the beginning of 2017 and was expected to generate revenues of €7.5m that year.

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