{"id":86077,"date":"2021-03-10T07:35:43","date_gmt":"2021-03-10T06:35:43","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=86077"},"modified":"2021-03-05T13:25:36","modified_gmt":"2021-03-05T12:25:36","slug":"circa-successfully-completes-e56-million-ipo-and-starts-trading-on-euronext-growth-oslo","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/circa-successfully-completes-e56-million-ipo-and-starts-trading-on-euronext-growth-oslo\/","title":{"rendered":"Circa successfully completes \u20ac56 Million IPO and starts trading on Euronext Growth Oslo"},"content":{"rendered":"<p><strong>Biochemicals company Circa Group AS has successfully completed a private placement of 575 Norwegian Kroner (NOK) \u2013 approximately \u20ac56 million \u2013 in a transaction led by Pareto Securities and Sparebank 1 Markets in Oslo, at a post-money market valuation of approximately NOK 2 billion (approximately \u20ac194 million). The company (ticker code: CIRCA) shares starts trading on Euronext Growth Oslo at 09:00 CET today (2 March 2021).\u00a0<\/strong><\/p>\n<p>The private placement attracted strong interest from high-quality and global institutional investors and was more than 15 times oversubscribed (excluding pre-allocated shares). Cornerstone investors include BNP Paribas Energy Transition Fund, Delphi Fondene, DNB Asset Management, Handelsbanken Fonder, The Fourth Swedish National Pension Fund, Robeco Asset Management and Circa\u2019s industrial partner Norske Skog ASA.<\/p>\n<p>Circa is a leader in the production of sustainable biochemicals. The company has a unique and patented technology called Furacell\u2122 for making the platform biomolecule Levoglucosenone (LGO) which is the base for a range of chemicals, including the green solvent Cyrene\u2122. The proceeds from the private placement will be used to build the 1,000 tonne ReSolute plant in France and to further develop the company\u2019s portfolio of chemical derivatives.\u00a0The ReSolute plant has received a \u20ac12 million flagship grant from the EU\u2019s Horizon 2020 programme.<\/p>\n<p>Tony Duncan, CEO and co-founder of Circa Group, said, \u201cWe are\u00a0very appreciative\u00a0of the incredible support shown towards Circa in our IPO. This has been a 15-year journey for a dedicated team and our partners. The Circa IPO\u00a0initiates phase 3 of our\u00a0development &#8211; the manufacture and commercialisation of the levoglucosenone\u00a0biomolecule platform for industry &#8211; and\u00a0is\u00a0a positive\u00a0signpost\u00a0for the biomaterials industry as a whole. It is clear that consumers want better, safer, more sustainable products and brand owners need to respond before the regulators do.\u201d<\/p>\n<p>&nbsp;<\/p>\n<h3>About Circa<\/h3>\n<p>Established in 2006, Circa Group converts waste, non-food biomass into advanced bio-based chemicals with its proprietary\u00a0Furacell\u2122\u00a0process.\u00a0Its\u00a0developing product portfolio includes flavours, biopolymers, and bio-solvents including\u00a0Cyrene\u2122, an alternative to traditional polar aprotic solvents, which is produced in one step from platform biomolecule Levoglucosenone. By creating renewable chemicals from\u00a0cellulose,\u00a0Circa\u00a0is extracting value from non-food, waste biomass and addressing a gap in the market by providing bio-based alternatives contributing to a more circular economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Biochemicals company Circa Group AS has successfully completed a private placement of 575 Norwegian Kroner (NOK) \u2013 approximately \u20ac56 million \u2013 in a transaction led by Pareto Securities and Sparebank 1 Markets in Oslo, at a post-money market valuation of approximately NOK 2 billion (approximately \u20ac194 million). The company (ticker code: CIRCA) shares starts trading [&#8230;]<\/p>\n","protected":false},"author":59,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","nova_meta_subtitle":"","footnotes":""},"categories":[5572],"tags":[6843,5838,10408],"supplier":[13469],"class_list":["post-86077","post","type-post","status-publish","format-standard","hentry","category-bio-based","tag-biochemicals","tag-bioeconomy","tag-greenchemistry","supplier-circa-group"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/86077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=86077"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/86077\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=86077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=86077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=86077"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=86077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}