Virtualware announces uplisting process to Euronext Growth
Paris, 28 January 2025 –
Virtualware (EPA: MLVIR), a pioneer in 3D-driven enterprise
software, today initiated its uplisting process to the Euronext
Growth segment.
Speaking from Madrid, Unai Extremo, the
company's CEO, emphasized that the move aims to enhance market
liquidity and investor access.
Our uplisting to Euronext Growth is a calculated
step in our Strategic Plan we made public a few months ago,”
Extremo said. “It reflects our commitment to providing greater
liquidity and transparency to our shareholders.”
The company expects receiving Euronext's
approval for its listing application during the second quarter
2025, in accordance with the standard listing review
process.
Euronext is a federation of exchanges comprising
the Paris, Amsterdam, Brussels, Oslo, Milan, Lisbon and Dublin
markets. Meanwhile, Euronext Growth is the marketplace for
high-potential SMEs seeking to access European capital. As a
multilateral trading platform, it allows simultaneous trading
across several European financial centers within Europe.
Virtualware, founded in 2004 and one of the
leading European experts in immersive and 3D technology solutions,
has been listed on Euronext Access Paris since April
2023.
Since the initial listing, the company’s shares
have increased in value by 23.33% and are currently trading at 7.40
euros. Virtualware’s current market capitalisation is 33.6 million
euros (35.01 million USD).
Over the past two decades, Virtualware has built
sophisticated enterprise solutions for global conglomerates and
institutions, including GE Vernova, Petronas, Volvo, Gestamp,
Alstom, ADIF, Bosh, Biogen, Kessler Foundation, Invest Windsor
Essex, McMaster University, and the Spanish Ministry of
Defense.
During this period, its software solutions have
become synonymous with cutting-edge 3D enterprise.
By providing comprehensive tools and expert
support, such as VIROO and Simumatik, the company enables
businesses and institutions to seamlessly integrate advanced
visualization and simulation technologies such as extended reality
(XR), digital twin, and virtual commissioning into their
operational workflows.
In October 2024, Virtualware acquired Swedish
company Simumatik, expanding its capabilities in digital
twin and simulation tech. This acquisition aligns with the
company’s three-year Strategic Plan to support key industries such
as energy, automotive, transportation, defense, manufacturing,
education, and healthcare.
An independent research report by Litchfield
Hills Research from the United States has reiterated a “Buy”
recommendation with a target price of €12.00 per share.
The company's headquarters are in Bilbao, Spain,
with offices in Orlando, US, Toronto, Canada, and in Skövde,
Sweden.
LKS Next will act as the transaction listing
sponsor for this uplisting process.
Safe Harbor
This document is only provided for information purposes and does
not constitute, nor should it be interpreted as, an offer to sell
or exchange or acquire, or an invitation for offers to buy
securities issued by any of the aforementioned companies. Any
decision to buy or invest in securities in relation to a specific
issue must be made solely and exclusively on the basis of the
information set out in the pertinent prospectus filed by the
company in relation to such specific issue. No one who becomes
aware of the information contained in this report should regard it
as definitive, because it is subject to changes and
modifications.
This document contains or may contain
forward looking statements regarding intentions, expectations or
projections of Virtualware 2007, S.A. (“Virtualware” or the
“Company”) or of its management on the date thereof, that refer to
or incorporate various assumptions and projections, including
projections about the future earnings of the business. The
statements contained herein are based on our current projections,
but the actual results may be substantially modified in the future
by various risks and other factors that may cause the results or
final decisions to differ from such intentions, projections or
estimates. These factors include, without limitation, (1) the
market situation, macroeconomic factors, regulatory, political or
government guidelines, (2) domestic and international stock market
movements, exchange rates and interest rates, (3) competitive
pressures, (4) technological changes, (5) alterations in the
financial situation, creditworthiness or solvency of our customers,
debtors or counterparts. These factors could cause or result in
actual events differing from the information and intentions stated,
projected or forecast in this document or in other past or future
documents. Virtualware does not undertake to publicly revise the
contents of this or any other document, either if the events are
not as described herein, or if such events lead to changes in the
information contained in this document. This disclaimer needs to be
taken into account by those persons which may take a decision over
the base of this document or to elaborate or disseminate opinions
based hereof. This document may contain summarised
information or information that has not been audited. This document
is confidential and it cannot be revealed or disclosed to third
parties different from the original recipients, even partially,
without Virtualware’s prior consent.
Grafico Azioni Virtualware 2007 (EU:MLVIR)
Storico
Da Gen 2025 a Feb 2025
Grafico Azioni Virtualware 2007 (EU:MLVIR)
Storico
Da Feb 2024 a Feb 2025
