Lighton has launched its initial public offering on Euronext Growth, aiming to raise up to 13.5 million euros for international expansion. With the IPO process running until November 20, individual investors can buy shares at 10.35 euros, while institutional investors have until November 21. Founded in 2016, Lighton offers innovative generative AI solutions and anticipates significant growth, targeting nearly 40 million euros in revenue by 2027 despite a temporary decline during its sales model transition.
Lighton Launches Its Initial Public Offering on Euronext Growth
In an exciting development for the business world, Lighton, a company specializing in generative artificial intelligence solutions, has officially launched its initial public offering (IPO) on Euronext Growth. This marks the first IPO of the year on this platform, which caters to small and medium-sized enterprises in the Paris market. Lighton aims to raise up to 13.5 million euros to support its growth and expand internationally.
Innovative AI Solutions and Market Expansion Plans
After a significant pause in IPO activity, Lighton is set to invigorate the market, having secured approval from the Financial Markets Authority for its prospectus. The IPO process, which runs until November 20, is expected to generate fresh funds, with a target of 10.4 million euros, potentially extending to 13.5 million euros. Individual investors can purchase shares at a fixed price of 10.35 euros until the deadline, while institutional investors have until November 21 at noon to participate. Notably, Axon Partners Group has already committed 3 million euros, accounting for 30% of the initial offering.
Lighton, founded in 2016, positions itself as a leading player in the European generative AI landscape, focusing on businesses. The company has introduced two key software solutions: Forge, which aids organizations in developing and enhancing their own language models, and Paradigm, a comprehensive generative AI platform launched this year that aims to boost productivity across various sectors. With a strong commitment to innovation, Lighton seeks to transform how companies operate by leveraging the capabilities of artificial intelligence.
As Lighton embarks on this IPO journey, the leadership is optimistic about the future. Co-founder Laurent Daudet emphasized the unique opportunity to be the first publicly listed company in Europe solely focused on generative AI, stating that going public will enhance visibility and growth prospects. With plans to accelerate revenue growth, particularly in high-potential markets such as banking, insurance, defense, health, and public sectors, Lighton is strategically positioning itself to capitalize on the increasing demand for AI solutions.
In 2023, Lighton reported revenues of 8 million euros and achieved profitability. However, the company anticipates a temporary decline in revenue as it transitions its sales model. Looking ahead, Lighton aims for significant growth, targeting an annualized contract value of around 6 million euros by the end of 2025 and projecting revenues nearing 40 million euros by 2027. With a strong emphasis on indirect sales through strategic partnerships, Lighton is poised to secure its position as a frontrunner in the generative AI market.