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Forsee Power relies on the stock market to deploy its electric batteries

2021-10-18T16:52:01.489Z

The French manufacturer, specialist in the electrification of buses, aims to raise a hundred million.



The countdown has begun.

Forsee Power intends to go public in Paris on November 3.

On Monday, this French battery manufacturer, which has Eurazeo (41%) and Japanese Mitsui (36%) as its main shareholders, clarified its intentions: it intends to raise around one hundred million euros.

Precisely 132.2 million in the event of full exercise of the over-allotment option.

For now, the share price is set in a range of 7.25 euros to 9.80 euros.

This could lead to a valuation of the company ranging from 386 million to 501 million.

The free float would then represent 13% to 21% of the company's capital.

Our job is to design and manufacture electric batteries in high added value segments such as heavy vehicles (bus, train, etc.) or light vehicles (scooters, karts, etc.)

Christophe Gurtner, Founding CEO of Forsee Power

This start-up has a few arguments to seduce the markets.

"

Our job is to design and manufacture electric batteries in high added value segments such as heavy vehicles (bus, train, etc.) or light vehicles (scooters, karts, etc.)

, affirms Christophe Gurtner, its founding CEO.

Our products represent a third or 40% of the value of vehicles

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Source: lefigaro

All business articles on 2021-10-18

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