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French genAI startup LightOn rises on market debut
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(Reuters) – Shares of LightOn, Europe’s first listed genAI startup, rose as much as 9% on their debut on the Euronext Growth market in Paris on Tuesday.
(Reuters) – Shares of LightOn, Europe’s first listed genAI startup, rose as much as 9% on their debut on the Euronext Growth market in Paris on Tuesday.
The stock was trading at 10.79 euros per share by 0841 GMT, 4.2% higher than the 10.35 euros it was valued at during its initial public offering last week.
LightOn, which builds large language models for businesses and institutions such as Safran and France’s Space Command forces, was valued at around 62 million euros ($65.1 million) in the IPO, against the 50 million in had originally expected.
($1 = 0.9517 euros)
(Reporting by Leo Marchandon and Nathan Vifflin in Gdansk; editing by Milla Nissi)
A startup is a newly established business, often in the early stages of development, typically focused on creating a unique product or service to meet market demands.
An initial public offering (IPO) is the process through which a private company offers its shares to the public for the first time, allowing it to raise capital from public investors.
Shares represent ownership in a company. When you buy shares, you acquire a portion of the company and may benefit from its profits through dividends and capital appreciation.
A stock market is a marketplace where shares of publicly traded companies are bought and sold. It facilitates the exchange of securities and helps companies raise capital.
Market capitalization is the total market value of a company's outstanding shares, calculated by multiplying the share price by the total number of shares. It reflects the company's size and market value.
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