Baker McKenzie has advised NAVYA, a French company specialising in autonomous vehicles, in the framework of its initial public offering on the regulated market of Euronext Paris.
NAVYA raised approximately €37.6 million by issuing new shares. No existing share was sold and no greenshoe option was granted. On the basis of an offering price of 7 euros per share, the market capitalisation of NAVYA amounts to approximately €190 million.
This operation will enable Navya to strengthen its technological leadership, develop its organisation and invest in strategic connected markets in order to become the world leader in autonomous vehicles and new intelligent and shared urban mobility solutions.
Created in 2014, NAVYA, which made turnover of €10 million in 2017, now has more than 200 employees in France and the USA. Since 2015, NAVYA has been the first company to market autonomous mobility solutions with the AUTONOM® SHUTTLE and the AUTONOM® CAB robot-taxi.
Baker McKenzie advised NAVYA with a team led by Matthieu Grollemund, partner in M&A, with Megan Schellinger and François-Xavier Naime, partners, Hélène Parent, senior associate, and Madalina Asandului and Giuliano Lastrucci, associates.