Cyber Security

Cybersecurity expert Exclusive Networks Announces IPO

Exclusive Networks

Key highlights

  • Exclusive Networks is a leading global specialist in innovative cybersecurity technologies.
  • Global offering of approximately 366 million euros, and up to approximately 421 million euros in case of full exercise of the over-allotment option.
  • The Offering is made of (i) an issuance of shares by Exclusive Networks amounting to approximately 260 million euros and (ii) a sale of shares by existing shareholders amounting to approximately 106 million euros which may be increased to approximately 161 million euros if the over-allotment option is exercised in full.
  • Offer price set at 20 euros per share, implying a market capitalisation of approximately 1.8 billion euros.
  • Strong demand from high quality institutional investors, in France and abroad.
  • Exclusive Networks shares will start trading on the regulated market of Euronext Paris, compartment A, on September 23, 2021 on a when-issued basis (“promesses d’actions”).

Not for distribution directly or indirectly in the United States, Canada, Australia or Japan

Exclusive Networks S.A. (“Exclusive Networks” or the “Company”, ticker symbol EXN), a leading global specialist in innovative cybersecurity technologies, announces the success of its Initial Public Offering (IPO) in view of the admission of its shares to trading on the regulated market of Euronext Paris (Compartment A, ISIN code FR0014005DA7, ticker symbol EXN).

The success of the Offering reflects strong demand from leading French and international institutional investors. Based on the offering price of 20euros per share, the market capitalisation of Exclusive Networks would amount to approximately 1.8 billion euros.

Jesper Trolle, Chief Executive Officer of Exclusive Networks, said:

“Cybersecurity has never been more relevant – to business leaders, state heads and consumers. Exclusive Networks has a mission to drive the transition to a totally trusted digital future. Our IPO is a natural step in our evolution and will accelerate our simple, proven strategy: to extend our international reach, expand our services offering and add value to our existing customer and vendor relationships. It will also enable us to continue acquiring companies that complement our culture, capabilities and reach.

We will continue investing in our talented cybersecurity specialist teams, who are the key to our success. I would like to personally thank not just our people, but also the vendors and channel partners we work with every day. None of this would be possible without their commitment to innovation, which has driven Exclusive Networks’ growth from a small private company two decades ago to the global cybersecurity specialist we are today – and a 36% gross sales CAGR since 2013. We plan to continue to capture the long-term growth drivers in the cyber market, and our IPO is an important step for us to achieve that goal.”

Related posts

Sectra’s six-month interim report 2021/2022

PR Newswire

SentinelOne Releases SUNBURST Attack Identification Assessment Tool

Business Wire

Cyber Observer Provides Visibility to Cybersecurity Risk Posture

Business Wire