CIC Corporate & Institutional Banking is delighted to have participated in Rising Stone's highly successful IPO, the first one of the year on the Euronext Paris market!
Founded in 2016 by Jean-Thomas Olano, Rising Stone is a designer and builder of luxury and ultra-luxury properties in the heart of the French Alps.
Rising Stone imagines, designs and builds chalets and apartments to the highest standards of luxury in prestigious Alpine resorts (Méribel, Courchevel, Val d'Isère, Megève, etc.) and in premium holiday destinations. Since its creation, Rising Stone has designed, built and marketed more than 22,000 sq. m. of luxury real-estate developments.
Details with regard to the IPO:
- Transaction for a total gross amount of around €35.5m, of which €30.0m in a capital increase, including full exercise of the Extension Clause (approximately €3.9m) and €5.5m in sales of existing shares, which may be increased to approximately €40.8m in the event of full exercise of the Over-allotment Option (through sales of existing shares)
- Total demand of €67.9m, representing an oversubscription of 2.1x the initial offering
- €52.9m as part of the Global Placement, from 64 institutional investors (including four existing shareholders)
- €15.0m as part of the Open Price Offer, from more than 6,000 individual investors
- Share price set at €58.30, representing a market capitalisation of approximately €150.0m
- Trading of shares on the Euronext Growth® market in Paris to commence on 23 February 2026 (ISIN code: FR00140164Q1 – Ticker symbol: ALRIS)
CIC Corporate & Institutional Banking would like to thank Rising Stone for its trust.