Le Slip Français will join the Paris Stock Exchange on July 14th. The iconic French-made brand is launching its IPO on Euronext Growth with a share price set at €14,80. The operation could raise up to €15,8 million, including the over-allotment option. It combines a €5 million capital increase to finance the company's development and a sale of existing shares for approximately €7 million, allowing some long-standing shareholders to partially exit the company's capital.
A spectacular recovery after 2023
This IPO marks a turning point for the SME, which narrowly avoided receivership in 2023. The brand managed to return to profitability in 2024 thanks to an ambitious strategic repositioning. The recipe for recovery lies in increased production relocation to France and a drastic reduction in costs, which has made it possible to lower selling prices while maintaining French manufacturing. A bold gamble that appears to have paid off.
Since June 25th, individuals have been able to subscribe to this offering and become shareholders in the men's underwear company. The IPO symbolizes the economic revival of a company that embodies French reindustrialization. The chosen date of July 14th is not insignificant for this brand, which has adopted the French tricolor as its commercial emblem.
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