D.A.T.E. raises €12.6 million in Euronext Growth Paris listing

Traders Union
All News
Financial Institutions
D.A.T.E. Euronext Growth listing

Highlights

D.A.T.E. raised €12.6 million in its Euronext Growth Paris IPO at an admission price of €19.36 per share, achieving a market capitalisation of €43.6 million on September 25, 2026.
The IPO was oversubscribed, with global placement 1.25 times and fixed-price offer 6.95 times, reflecting robust institutional and retail investor demand.
D.A.T.E. targets revenue exceeding €35 million and an EBITDA margin above 30% by 2030, leveraging its €80 million commercial portfolio and IPO proceeds for external growth.

Listing terms and fundraising plan

As reported by Euronext, D.A.T.E. joined Euronext Growth Paris on 25 September 2026 under the ticker ALDAT, marking the first transaction completed through the exchange operator’s new IPOgo scheme for small and medium-sized companies.

The company was admitted to trading with 2,254,156 shares representing its equity. Of those, 653,409 shares were allocated under the global offering, including 601,756 new shares after the full exercise of the extension option and 51,653 existing shares, excluding any potential exercise of the over-allotment option.

The admission and issue price was set at €19.36 per share. D.A.T.E. says the initial public offering raised €12.6 million in total, while its market capitalisation stood at €43.6 million on the day of listing.

The offer drew demand from both institutional and retail investors. The global placement was oversubscribed 1.25 times and the fixed-price offer was oversubscribed 6.95 times.

Defence and deep tech growth strategy

Founded in 1979, D.A.T.E. designs, develops and manufactures heat exchangers for critical applications in the defence and deep tech sectors. The French company, which is part of the country’s Defence Technological and Industrial Base, supplies thermal solutions for uses including fighter aircraft, helicopters, submarines, frigates, radar systems, particle accelerators, space applications, quantum computing and high-performance computing infrastructure such as data centres.

The company operates in markets with a limited number of qualified suppliers and says its products are built for demanding environments including extreme temperatures, compact designs and mass constraints. Its customer base includes the European Space Agency, Airbus Defence and Space, Arianespace, CEA, CERN, Fermilab, Leonardo, Safran, Thales and TechnicAtome, among others.

In a statement included with the listing announcement, the company says it has a commercial portfolio of more than €80 million through 2030, with nearly one-third currently benefiting from a high level of visibility. D.A.T.E. says it is targeting revenue of more than €35 million by 2030 and an EBITDA margin above 30%, with the IPO proceeds also intended to support targeted external growth opportunities, including a first transaction already under way.

Our earlier report on Elevate Campuses’ IPO in India tracked how strong institutional demand helped the offering reach full subscription by the final day of bidding, even as retail and non-institutional participation lagged. We also outlined the deal’s price band, the role of anchor investors, and how the company planned to use the proceeds to acquire additional education infrastructure assets across several markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.