The renewable chemicals technology developer, which counts Coca-Cola and Swire among its corporate shareholders, is now listed in Belgium and the Netherlands.
Netherlands-based renewable chemicals producer Avantium secured €103m ($109m) yesterday when it floated on the Euronext Amsterdam and Bruxelles exchanges, providing exits to several corporate backers.
The company issued just over 9.4 million shares priced at €11 each, achieving a market capitalisation of approximately €277m.
Underwriters ING, KBC Securities, Rabobank and Oddo et Cie have the option to buy another 1.4 million shares, which would lift the IPO size to $126m.
Avantium develops techniques and processes to convert biological materials into…
