Syensqo Launched on Euronext
Yesterday, Syensqo announced the listing of its shares on Euronext Brussels and Euronext Paris. After completing the spin-off from Solvay, the listing marks a historical milestone as the company embarks on an innovation-driven journey.
Syensqo addresses environmental and social challenges through electrification, lightweighting, connectivity, resource efficiency, and transitioning towards a net-zero economy.
Upon listing, Syensqo has 105,876,417 ordinary shares in issue, each carrying one voting right. The Syensqo share price started its journey at a value of € 90 at market open (9.00 am CET), which corresponds to a market capitalization of € 9.53 billion.
“We are thrilled to begin our journey on Euronext, With SYENS in both our name and ticker, we are now officially launched as a science company, one of the largest publicly traded specialty companies in the world. Born from a rich heritage, vision and track record of science, innovation and disruption, we are uniquely exposed to secular megatrends that will accelerate our long-term growth and are dedicated to having a meaningful impact on our planet," commented Ilham Kadri, CEO of Syensqo.
Syensqo is expected to be included in major stock market indices such as BEL20, Stoxx Europe 600, MSCI Europe, FTSE Russell, among others, subject to the timing of each individual index review.
