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Name: BALYO S.A.
Market: Euronext Paris
Capitalization compartment: Compartment C
Subsector: Electronic Equipment
Isin code: FR0013258399
Symbol: BALYO


IPO Date: 09/06/2017
Issue type: Initial Public offering
IPO Price: EUR 4.11
Price range: EUR 3.05 - EUR 4.11

Company Profile

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Date Title
09 Jun 2017 Balyo makes Euronext market debut expand

Successful TechShare IPO:  €39.8 million raised, market capitalisation around €109 million

Paris 9 June 2017 – Euronext today welcomed Balyo (ticker code: BALYO), a business specialised in the automation of handling trucks, to compartment C of its regulated market in Paris. Balyo is the second company to list after taking part in Euronext’s pan-European TechShare programme, launched in 2015.

Member of the first TechShare promotion, Balyo benefited a 12-month programme aimed at familiarising participants on the role and functioning of financial markets. This training course enabled the company to assess its listing opportunity on the stock market, in order to reach a new milestone in its development. Balyo joins the 330 tech companies already listed on the Euronext markets.

Balyo transforms standard forklift trucks into stand-alone intelligent robots using its proprietary Driven by Balyo™ technology. The geoguidance navigation system developed by Balyo allows material handling trucks to locate their position and navigate autonomously inside buildings. Within the automated handling vehicles sector, Balyo has signed two strategic partnerships with leading materials handling equipment manufacturers—Kion Group AG, parent company of Linde Material Handling, and Hyster-Yale. Balyo is present in three key geographical areas—America, Europe and Asia-Pacific, and reported 2016 sales of €5.2 million. In 2017, Balyo aims to raise its turnover by more than €15 million. 

Balyo was listed through the admission to trading on 9 June 2017 of 26 449 803 shares, including 9 682 301 new shares issued through a Global Offering[1], including extension option and excluding over-allotment option.

The offering price was set at €4.11 per share. Market capitalisation was around €109 million on the day of listing, and the transaction raised a total of around €39.8 million. 

Fabien Bardinet, Chairman and CEO of Balyo, said “Today we are very pleased to announce our successful initial public offering on Euronext Paris, and at this time we would like to thank all the shareholders and French and international institutional investors who have placed their trust in us with this transaction. Reaching this milestone for Balyo will enable us to maintain our technological lead and accelerate our international development to become a key global player in robotics for the material handling industry.”

[1] The Global Offering was made up of a Public Offering that included an Open Price Public Offering in France and a Global Placement with institutional investors in France and other countries.



09 Jun 2017 IPO Balyo expand

Listing of Balyo on Euronext

Fabien Bardinet, CEO of Balyo, opens the trading day in Paris.

Balyo specializes in the design, manufacturing and marketing of robotic handling trolleys for all logistics applications. The group offers stackers, tractors, pallet trucks, etc. capable of perceiving their environment with ease, interacting with the surrounding elements and completing tasks autonomously.