MandrakeSoft announces the success of its entry on the Stock Exchange 2001-07-31
Paris, July 31th, 2001 - MandrakeSoft (Euroclear code : 4477), the famous publisher of Mandrake Linux operating system announces today that it has succeeded in entering the Paris Euronext's « Marche Libre » under the aegis of Europe Offering and KBC Securities France.
A total of 688.480 shares - priced at 6.2 Euro each - were suscribed as institutional investment and Fixed Price Offer. This results in an increase in capital of 4,3 Meuros and represents 20,28% of the capital after issue.
MandrakeSoft wishes to thank all the institutional and private investors who have given their support and faith by investing in MandrakeSoft.
This entry on Paris Euronext's "Marche Libre" testifies that MandrakeSoft is a world leader in the fast-growing markets of Linux operating systems and Open Source solutions.
"We are very happy to have succeeded in increasing our capital. This is especially strategic as it will enable us to fuel the Company's growth", says Jacques Le Marois, CEO of MandrakeSoft. "Besides the broadening of the Company's current portfolio of offerings and the expansion of our distribution channels, we plan to broaden our traditional professional service offering with partners and our new on-line services. MandrakeSoft is considering entering a regulated stock exchange in future", adds the CEO.
As of July 30th, 2001, MandrakeSoft's shares have now been registered on Paris Euronext's Marché Libre and shall be open for trade as of August 3rd, 2001.
For more information : www.mandrakesoft.com/company/investors/ipo
MandrakeSoft provides a trusted interface between users of information technology and open technologists. The company offers customers in the small office, home office (SoHo), small and medium size enterprise, government and educational sectors a set of GNU Linux and Open-Source software and related services, user-friendly and highly competitive information technologies at a very attractive total cost of ownership. In addition, MandrakeSoft offers technologists committed to open software and courseware a trusted channel to offer their services.
The Mandrake Linux distribution, which is available in over 40 languages, became the leader in US retail sales, with 33.9% of the market for the first quarter, 2001 (PC Data) and received the awards for "Best Product of the Year" and "Best Linux-Distribution/Server" at LinuxWorld Expo 99, as well as the PC Answers Platinum Award in April 2000, the Linux Magazine Editor's Choice Award in September 2000 and the Chip Magazine "Best Technique and Winner of the Test" in December 2000.
"Born on the Internet" in late 1998, MandrakeSoft established headquarters in Pasadena (U.S.), Montreal (Quebec), England, Germany and Paris (Europe). For more information, please visit the Web site : www.mandrakesoft.com.
More information about Paris Euronext's 'Marche Libre' :
Paris Euronext's 'Marche Libre', officially created by Paris Euronext on September 23rd, 1996, is an unregulated stock exchange managed by the Euronext Paris. It targets small and medium enterprises more specifically.
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