Founded in 2004, Login People has developed an innovative authentication solution called ADN du Numérique®. With cyber-crime on the rise around the globe, this new technology-based approach identifies individual digital devices to guarantee secure access for both public and private networks. Login People has a team of 14 and is headquartered in southern France at Sophia Antipolis, Europe’s first technopole. Its highly flexible security solution is suitable for businesses and individuals, and adapts to most existing environments, from corporate networks to websites.
Login People (ticker: ALLP) was listed through admission to trading of 2,287,100 existing shares and 675,170 new shares issuedunder a Global Offering. The Global Offering raised a total of €2.5 million.
The admission and issue price of Login People was set at €3.72 per share. Market capitalisation stood at around €11 million on the day of listing.
“We are delighted to welcome Login People to NYSE Alternext, our organized market dedicated to small and mid-size companies,” said Marc Lefèvre, Head of European Business Development and Client Coverage, Listings Europe, at NYSE Euronext. “Listing will allow the company to reposition itself and extend its reach, and will give its marketing and new-product development a boost.”
Pierre-François Le Page, Chairman and CEO of Login People, added: “Our entire team is very pleased with listing on NYSE Alternext, and we would like to thank both our historic shareholders, SRL Sennac in particular, and our new shareholders for their confidence. Capital raised will enable us to step up the pace of our sales and marketing in a growing market and take advantage of the exceptional leverage provided by strategic partnerships with major software producers such as Microsoft and Cisco.”
In seven years, €2.8 billion has been raised on NYSE Alternext, half through secondary issues, by companies from countries including Belgium, Canada, China, France, Italy, Luxembourg, the Netherlands, Spain, the UK and the US. Their market capitalisation totals over €6 billion. Today 180 companies are listed on NYSE Alternext.
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About Login People
The Global Offering was made up of an Open Price Public Offering and a Global Placement with institutional investors in France and other countries.