E-PANGO (ISIN code: FR0014004339 - mnemonic: ALAGO) is an energy supply specialist that offers companies and local authorities customised, flexible and low-price offers and optimisation solutions.
In a difficult primary market context, the company successfully raised €6.1m with overall demand of €9.0m i.e., an oversubscription rate of 1.5x.
The transaction, structured around a firm-price offering, benefited at its launch from €5.1m in subscription commitments.
Based on an offer price of €5.31, the market capitalisation stands at €27.3m. Following this transaction, E-PANGO’s share capital comprises 5,148,766 shares and the free float represents 22.3% of the company’s capital.
The company is also a client of BECM.
CIC Market Solutions would like to thank E-PANGO for its trust. Our teams regularly work alongside companies to bring their financing projects to fruition.