Successful private placement of new Biocartis shares for 33 million EUR

On 17 November 2016, Biocartis, an innovative molecular diagnostics company, announced its intention to raise ca. € 25 million in a private placement through an accelerated book building, with the possibility to increase the size of the placement. The offering closed by noon on the same day.

Following strong demand and a significant oversubscription, it was decided to upsize the placement to € 33 million, and to price it at € 8.05 per share, implying a mere 2,4% discount versus the prior day closing price.

The new shares were mostly placed with Belgian and international institutional investors. In April 2015, Degroof Petercam already contributed to the successful IPO of Biocartis.

Degroof Petercam is once more very pleased with the success of this transaction, which demonstrates once again the commitment of Degroof Petercam towards life sciences companies and follows the other successful placement of MDxHealth in recent weeks.

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Alexandra Niehe Head of corporate communications
Thomas Van Rompuy Senior Executive Advisor - media relations, economics, Bank Degroof Petercam
Alexandra Niehe Head of corporate communications
Thomas Van Rompuy Senior Executive Advisor - media relations, economics, Bank Degroof Petercam
About Degroof Petercam

Founded in 1871, Degroof Petercam is a Belgian-rooted reference investment house built on more than 150 years of integrated financial knowledge. Being privately owned by family shareholders driven by long-term commitment, we are independent by structure and by nature. We create responsible prosperity for all by opening doors to opportunities and accompanying our private, corporate and institutional clients with expertise. 

Clients in over 20 countries trust us for our convictions and for our distinctive combination of services in private banking, asset management, investment banking (corporate finance and global markets) and asset services. 

Total client assets (under management, under administration and in custody) amount to 86 billion euros (on 31.12.2021). More than 1,500 experts are committed to our clients through offices in Belgium, Luxembourg, France, Switzerland, Spain, the Netherlands, Germany, Italy and Hong Kong.

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