Remarkable uptake in Quantum Genomics IPO* : EUR 11.2 million raised | Bourse Reflex
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Remarkable uptake in Quantum Genomics IPO* : EUR 11.2 million raised

Mardi 17 Fév 2015 à 11:00

  • Strong demand: €33.2 million, or global offering 3.4 times oversubscribed
  • Share price set at top end of price range at €6.30
  • Strongest individual investors demand for small and mid caps in public offering in 2015: €14.5 million
  • Trading resumes on 18 February 2015

Massy, 17 February 2015 - Quantum Genomics (Alternext - FR0011648971 - ALQGC), a biopharmaceutical company with the mission of developing new therapies for unmet medical needs in the field of cardiovascular diseases, announces the great success of its Initial Public Offering on the Euronext Alternext market in Paris.

Total demand amounted to 5,270,122 shares corresponding to €33.2 million. The global placement, intended mainly for institutional investors, was 2.1 times oversubscribed. The open-price offering, intended mainly for individuals in France, was 14.8 times oversubscribed relative to the initially intended allocation.

Confirming the strong demand for its shares, the Board of Directors of Quantum Genomics set the capital-increase price at €6.30 per share, corresponding to the highest point of the indicative price range of the offer. It also decided to exercise the extension clause.

Quantum Genomics granted to Invest Securities an overallotment option, exercisable until 13 March 2015 (inclusive), increasing the maximum issue to 267,375 new shares representing €1.7 million.

At the result of the transaction, the share capital of Quantum Genomics now consists of 6,592,587 shares. Based on the offer price (€6.30), the market capitalization of Quantum Genomics is €41.5 million.

Lionel Ségard, Chairman & CEO of Quantum Genomics, says :

"We are delighted by the success of our offering. We have succeeded in convincing both French and foreign investors to support us in developing our drug candidates to combat high blood pressure and heart failure. We are also especially proud to have attracted the biggest part of the demand from individuals in a public offering in 2015 thanks to a rallying message regarding the major diseases that we intend to fight. We now have the means to continue our clinical trials while working on business development to make the most of our innovation.”

*Quantum Genomics has been listed since April 2014 on the "Private" compartment of Alternext Paris.

A funds raising to finance Phase IIa of QGC001 and continue other R&D programmes

This capital increase is a key part of the launch of clinical trials for Phase IIa of the molecule QGC001. This first-in-class drug candidate of the new class of therapeutics for the treatment of high blood pressure, in November 2014 obtained the authorisations to start Phase IIa studies aimed at proving its effectiveness in hypertensive patients.

Quantum Genomics' goal is to sign, by the end of 2016, a license agreement or partnership with a manufacturer in the healthcare sector to continue the clinical development of its product QGC001, its registration and commercialisation.

The funds raised are also intended for financing other ongoing R&D programmes:

  • Two studies running in parallel of Phase IIa for QGC001, necessary for the preparation of the application to enter Phase IIb (the “pivotal” phase);
  • Advancement of preclinical trials of QGC001 combinations with other antihypertensive drugs and the best-in-class product QGC006, as monotherapy for high blood pressure (showing superiority in the same therapeutic class);
  • Completion of preclinical trials of QGC101, for the prevention and treatment of heart failure, which could then directly enter Phase II.
Quantum Genomics
Lionel Ségard
Chairman & Chief Executive Officer
01 60 13 76 80
Quantum Genomics
Marc Karako
CFO – Investor Relations
01 60 13 76 84
Jean-Michel Marmillon
Press Relations
01 53 67 36 73


Quantum Genomics is a biopharmaceutical company with the mission of developing new therapies for unmet medical needs in the field of cardiovascular diseases, especially high blood pressure and heart failure.
Quantum Genomics is developing a new therapeutic approach based on BAPAI (Brain Aminopeptidase A Inhibition). This is the result of more than 20 years of academic research in the laboratories of the Collège de France, INSERM, CNRS and the University of Paris Descartes.
Quantum Genomics is listed on the Alternext market in Paris (ISIN code FR0011648971, Ticker ALQGC).


Financial intermediaries


Invest Securities Invest Securities Actus finance & communication
Advisor Lead Manager and Bookrunner Financial communication


Key Features of the transaction
  • Offer price

The price of the open-price offering and of the global placement is €6.30 per share, which is the high end of the indicative price range (€5.40 - €6.30).

  • Size of transaction

In total, the issue represents a capital increase of €11.23 million (issue premium included) after the exercise in full of the extension clause.

1,782,500 new shares were issued as part of this IPO.

Based on share capital now consisting of 6,592,587 shares, Quantum Genomics' market capitalization is €41.5 million (based on a share price of €6.30).

Quantum Genomics granted to Invest Securities an overallotment option, exercisable until 13 March 2015 (inclusive), increasing the maximum issue to 267,375 new shares representing €1.7 million.

  • Components of the transaction

- 1,306,310 shares were subscribed by institutional investors in the global placement (amounting to approximately €8.2 million) of which 30% were allocated to Téthys as part of its subscription commitment. At the end of the offering, before the potential exercise of the overallotment option, Téthys held 12.1% of share capital.

- 476,190 shares were subscribed by the public in the open-price offering (amounting to approximately €3 million). A1 orders will be 39.5% serviced, and A2 orders will not be serviced.

  • Stock code

ISIN Code: FR0011648971
Ticker: ALQGC
Where listed : Alternext Paris

  • Eligibility for PEA, PEA-PME and for ISF relief

Quantum Genomics confirms that it complies with the eligibility criteria for equity savings plans including for SMEs (PEA, PEA-PME) and for wealth tax (ISF) relief. Consequently, the Quantum Genomics shares issued in the capital increase can be fully included in equity savings plans (PEA) and PEA-PME accounts, which enjoy the same tax advantages as the classic PEA.

The capital increase also satisfies the eligibility conditions for wealth tax (ISF) relief in the tax provisions of the “TEPA” Act relating to equity investment in SMEs. Private natural person investors can request a tax certificate from the company, entitling them to relief up to the applicable legal ceiling. Currently, up to €2.0 million is eligible for ISF relief.

Requests for individual statements will be processing in the order in which they arrive, on a first-come first-served basis. Once the applicable ceiling is reached, the company sends no further tax certificates.

Requests for tax certificates can be emailed to or posted to :

ACTUS finance & communication

- Attestations QUANTUM GENOMICS -

52 rue de Ponthieu

75008 PARIS

The company confirms that ISF relief is also subject to the investor meeting certain conditions, so that it is up to each investor to check that the tax relief eligibility criteria apply to his or her own personal circumstances. Furthermore, the subscribed shares eligible for wealth tax relief cannot form part of a PEA and/or PEA-PME plan.

Indicative timeline


Tuesday 17 February 2015 Settlement-delivery of shares as part of the IPO and global placement
Wednesday 18 February 2015 Listing resumes and trading starts for the new company shares on the Alternext market in Paris
Friday 13 March 2015 Deadline for the exercise of the overallotment option by the Investment Bank and Bookkeeper
Final day of the stabilisation period, if any



Copies of the prospectus approved by the French Financial Markets Authority (AMF) on 26 January 2015 under number i.15-036 are available on the Company's website ( or www.QGC-BOURSE.COM) and on the AMF website ( or can be obtained free of charge on request from the Company's registered office, 2 -12 Chemin des Femmes, Bâtiment l'Odyssée, 91300 Massy, France.

The public is invited to read the risks described in Chapter IV “Risk factors” and in Part II, chapter II “Risk factors related to the offering” in the Prospectus.

This communication and the information in it do not constitute an offer to buy or subscribe, or an encouragement to buy or subscribe, to shares in Quantum Genomics (the “Shares”) in any country.

This communication does not constitute and may not be regarded as constituting an offer to the public, an offer to buy, or offer to invest, or intended to solicit public interest with a view to a public offering.

This communication is promotional in nature and does not constitute a prospectus in the sense of Directive 2003/71/EC of the European Parliament and Council of 4 November 2003, as amended, in particular by Directive 2010/73/EU of the European Parliament and Council of 24 November 2010, as amended and as transposed in each Member State of the European Economic Area (the “Prospectus Directive”).
With respect to the Member States of the European Economic Area other than France and Belgium (the “Member States”) that transposed the Prospectus Directive, no action was taken or will be taken to permit a public offering of shares that would require the publication of a prospectus in any of the Member States. Consequently, the Shares may be offered in the Member States only to (a) legal entities who are qualified investors as defined in the Prospectus Directive or (b) in other cases not requiring Quantum Genomics to publish a prospectus under Article 3(2) of the Prospectus Directive.

This communication is not being distributed, or its distribution approved, by an authorised person (“authorised person”) in the sense of Article 21(1) of the Financial Services and Markets Act 2000. Consequently, this communication is addressed to and intended only for (i) persons outside the United Kingdom, (ii) investment professionals in the sense of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, (iii) persons referred to in Article 49(2) (a) to (d) (large-cap companies, unregistered associations, etc.) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, or (iv) any other person to whom this communication may legally be addressed (the persons mentioned in paragraphs (i), (ii), (iii) and (iv) being together designated as "Qualified Persons"). The shares are intended only for Qualified Persons and any invitation, offer or agreement relating to the subscription, purchase or acquisition of shares may be addressed to or concluded with Qualified Persons only. Any person other than a Qualified Person must refrain from using or relying on this communication and the information in it. This communication does not constitute a prospectus approved by the Financial Services Authority or by any other regulating authority in the United Kingdom in the sense of Section 85 of the Financial Services and Markets Act 2000.

This communication does not constitute an offer of tradable securities or any solicitation to purchase or invest in tradable securities in the United States of America. The securities that are the subject of this communication have not been and will not be registered in the sense of the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) and may not be offered or sold in the United States without registration or exemption from the registration obligation pursuant to the U.S. Securities Act. The Shares have not been and will not be registered under the U.S. 1933 Securities Act and Quantum Genomics has no intention of proceeding with any public offering of its shares in the United States.

The distribution of this communication in certain countries may violate applicable laws. Persons in possession of this communication must inform themselves of any potential local restrictions and comply with them.

The prospectus approved by the French Financial Markets Authority contains forward looking statements. No guarantee can be given that such forward looking statements will be borne out by actual events as they are subject to risks such as those described in the Company's prospectus, and to changes in economic conditions, FINANCIAL markets and the markets in which Quantum Genomics operates.

Invest Securities, as underwriter, may, but is under no obligation to and may at any time terminate, for a period of 30 days counting from the date that the offer price is set, which according to the indicative timeline is 28 January to 28 February 2015, trade for the purpose of stabilising the market in Quantum Genomics shares, in compliance with applicable laws and regulations and in particular Regulation (EC) 2273/2003 of the Commission of 22 December 2003. Trades conducted for these purposes are intended to support the market price of Quantum Genomics shares and may affect the share price. 

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