Nexo on Paris Stock Exchange
Jul 18, 2001 12:00 PM,
E. Price
Loudspeaker manufacturer Nexo SA sold a minority percentage of its equity (the majority by placement and 10% by public offering), making its debut on the Paris Stock exchange. Founding partner of the company, Micky Johnson, explained that the objective of this move was to “gain access to the capital markets to finance any large projects that may arise, as well as to broaden the base of shareholders in the company.” There is to be no change in the daily operation of the company.
