NYSE Euronext announces Alternext Paris listings

31 December 2008

NYSE Euronext has confirmed two new listings on its Alternext Paris electronic trading platform.

Most recently, the company announced today (December 23rd) that tool manufacturer Toolux Sanding has become the fourth Chinese company to list on the platform this year.

Toolux raised €5.1 million ($7.1 million) through a private placement, which allowed it to join Alternext through the direct admission procedure.

Based on its reference price of €12.59 a share, the company has a market capitalisation of around €22.1 million.

The firm, which produces tools for the professional and home markets, currently employs 45 full-time employees and around 150 part-time workers.

NYSE Euronext head of European listings, Martine Charbonnier, said: "2008 has begun and ended with Chinese companies listing on Alternext, and this reflects the major effort we are making to attract international companies from fast-growing countries like China onto our markets and help them grow further."

Last week, NYSE Euronext confirmed the cross-listing of biopharmaceutical firm Oragenics on Alternext Paris. The company is the first to cross-list from the NYSE Alternext US platform.

Alternext Paris currently lists 128 companies from Belgium, Canada, China, France, Italy, Luxembourg, the Netherlands, Spain, the UK and the US.

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