PARIS – July 10, 2014 – ATEME, a global leader in advanced video compression solutions for the broadcast industry, announced the success of its initial public offering on the regulated market of Euronext Paris.
- The offering was well received by institutional and individual investors and was oversubscribed at a rate of nearly 2.5 times the number of shares offered.
- ATEME raised a total of approximately 13.3 million euros, all capital increase.
- This corresponds to a market capitalization of 44.7 million euro.
Michel Artières, CEO, ATEME, said:
“We are very pleased with the success of our IPO and we wish to warmly thank and welcome the investors to the ATEME family. This validates our commercial achievements in encoding the world’s most valuable video content and enhances our financial capabilities to meet the continuing high demand for our video encoding technologies. With the funds raised, we will now be able to further accelerate our research and deployment, increase our market share and consolidate our technological leadership.”
ATEME is a world leading provider of HEVC / H.265, MPEG-4 / H.264 and MPEG-2 bandwidth efficient compression technology. ATEME encoding solutions are deployed widely for broadcast contribution links, distribution, multi-screen live streaming, OTT and VOD applications. More information is available at www.ateme.com.
ATEME Press Contacts:
ATEME Corporate Marketing
T: +33 1 69 35 89 88
Nadel Phelan, Inc.
Disclaimer : This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United States or any other jurisdiction. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. ATEME has not registered and does not presently intend to register securities or to conduct a public offering in the United States.