Vogo: first "Sportech" company IPO on Euronext Growth Paris launched on 15/11/2018

Vogo, a French group specializing in second-screen applications, announced the launch of its IPO "a view to allowing its shares to be traded on Euronext Growth Paris (Mnemonic: ALVGO)", on15/11/2018. This introduction would make Vogo the first "Sportech" company listed on the Paris Stock Exchange.

Via this introduction, Vogo must be able to raise at least €11.3m. "Capital increase of €11.3m by the issuance of new shares offered for subscription, which may be increased to €15.0m in the event of full exercise of the Extension Clause and the Overallotment Option: €6.2m secured in the form of subscription commitments, including €5.1m by redeeming bond debt into new shares backing by emblematic figures in the sports and event management industry, among them Tony Parker (FRA) and GL Events," said Vogo.

"The issue of the offered shares and the listing of the company shares on Euronext Growth are intended to provide the Group with additional resources to contribute to accelerate its global deployment, maintain its technological leadership and diversify its revenue streams by launching new…