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Biomass-focused Charwood Energy launches $19 million Paris IPO

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Charwood Energy has recently commenced its initial public offering on Euronext Growth Paris, seeking to raise about 18 million euros ($19 million) in proceeds.

The French specialist in biomass energy recovery is offering 1,345,292 new shares at an indicative price of 11.38 euros to 15.38 euros apiece.

The group allocated an additional 209,187 shares as part of the over-allotment option and 209,187 supplementary shares. If both options are fully exercised, proceeds could increase to 21.5 million euros.

The subscription period for the French public offering portion of the deal will close on July 7, followed by the global placement on July 8.

Shares of Charwood Energy are scheduled to begin trading on July 13.