Neoen files IPO documents for Paris stock exchange

 Neoen has filed a registration document with France’s Financial Markets Regulator (AMF) for a listing on the Paris stock exchange. The company plans to raise EUR450 million (US$ 506.56m) through the IPO to support efforts to deliver a 5GW portfolio of clean energy assets by 2022.

Neoen, which claims to have been profitable since 2011, registered a turnover of €139m last year, up 71% compared to a year earlier, and in the first six months of this year revenue reached €102m (US$156.47 m), up 87%. The French developer currently owns and operates around 2 GW of renewable energy assets, worth more than €2 billion (US$ 2,251.4 bn).