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A significant debut for LightOn
LightOn, an important French company in the generative artificial intelligence sector, has recently joined Euronext Growth Paris, marking a historic moment for the industry. This transaction not only represents a milestone for the company, but also positions it as the first pure-play company in the field of generative artificial intelligence to be listed in Europe. With an initial public offering (IPO) that saw the issuance of 6,006,966 common shares, LightOn demonstrated its ambition to expand its presence in the
market.
IPO details and market capitalization
The admission price was set at 10.35 euros per share, bringing the company’s market capitalization to 62 million euros. Through this IPO, LightOn has raised a total of 11.9 million euros, an amount that will be used to boost sales, strengthen teams and invest in innovation. The co-CEOs and co-founders, Igor Carron and Laurent Daudet, expressed enthusiasm for future opportunities, stating that this fundraiser will allow them to distribute the transformative power of their technology to new
customers, both in France and internationally.
Impact on the artificial intelligence industry
LightOn’s debut on Euronext Growth Paris is not only a success for the company, but it also represents a step forward for the entire generative artificial intelligence sector. With the increase in demand for innovative and technological solutions, the presence of LightOn on the stock exchange could stimulate further investments and developments in the field. The generative artificial intelligence platform, Paradigm, is set to become a benchmark for companies seeking to integrate AI into their operational processes
.
Future Prospects and Innovation
Looking to the future, LightOn aims to continue innovating and improving its offer. As competitiveness in the AI sector increases, the company is determined to remain at the forefront, investing in research and development. Their vision is clear: to radically transform business uses through generative artificial intelligence. With the support of the new capital raised, LightOn is ready to embark on a growth path that could redefine the AI landscape in Europe
and beyond.
