Saturday, August 17, 2019

Saturday, August 17, 2019

KUMULUS VAPE: Launches on the Stock Exchange

Kumulus Vape issued the following announcement on May 27.

The listing on the Paris stock exchange is a first for European vape companies, marking a new milestone in the performance trajectory of the company from Lyon, a pioneer in its market in an active phase of development. The aim of this move is to enable Kumulus Vape to raise brand awareness and strengthen its presence on the domestic market.

55,000 shares will be offered for sale on the first day of market trading. This admission to the Euronext Access™ market constitutes a first step, prior to a possible transfer of Kumulus Vape shares to the Euronext Growth® market. The company seeks to introduce a dynamic of shares changing hands that could account for between 5 and 10% of the capital.

Established in 2012, Kumulus Vape is one of the main French online sites for the sale of vaping products (equipment, e-liquid, DIY1). With its broad range, comprising over 6,000 items, it offers products for both 'beginners' and vaping experts. As a committed player in combating tobacco and an advocate for the vaping sector, Kumulus Vape offers an unequalled choice of high-performing vaping products at low prices.

In 2018, Kumulus Vape's turnover was €6.5 million, up 116% on 2017. The EBITDA exceeded the €400,000 mark (+128% on 2017), with a net income of nearly €300,000 (+106%). In the first quarter of 2019, turnover rose by 96% to €2.3 million.

Kumulus Vape has a clear aim: to become one of the French leaders in 100% e-commerce vaping in the next three years.

Operating procedures

Listing market: Euronext Access™

ISIN: FR0013419876

Symbol: MLVAP

Registration procedure: technical admission

Number of shares in company capital: 1,988,000

Number of shares sold on the day of listing: 55,000

Sale price per share: €2.12

Valuation at time of listing: €4,214,560

Start of trading: May 28, 2019

Eligible for PEA (equity savings plan) and SME PEA: yes

The operation does not require authorization from the French Financial Markets Authority (AMF). The information document has therefore not been approved by the AMF. The information document is available free of charge from the head office of Kumulus Vape. It may be downloaded from Please note that companies admitted to Euronext Access are not subject to the same rules as companies on the regulated market. Instead, they are subject to a smaller set of rules that is suitable for small businesses experiencing growth. The risk associated with an investment on Euronext Access may therefore be greater than investing in a company on the regulated market.

Partners in the operation


Atout Capital

Consultant and listing sponsor

Lamy Lexel

Legal advice




Financial communications


Original source can be found here.

Organizations in this Story

Kumulus Vape

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