EUPEC International Group, a France-based provider of coating solutions for onshore and offshore steel pipelines, raised the proposed deal size for its upcoming IPO on Monday.
The Grande-Synthe, France-based company now plans to raise $15 million by offering 3.8 million shares at a proposed price of $4. The company had previously filed to offer 1.3 million shares at the same price. At the revised deal size, EUPEC International Group will raise 200% more in proceeds than previously anticipated and command a market cap of $95 million.
EUPEC International Group provides specialized coatings for onshore and offshore steel pipelines in the water, oil, and gas sectors, delivering pipeline coating, custom coating, field joint coating, and reel-to-reel solutions. It manages a 15-hectare plant in Dunkirk plus two other French facilities and has supported projects for companies such as Total Energies, ENI, Exxon, Petrobras, Shell, BP, and major engineering and construction contractors.
EUPEC International Group was founded in 2022 and booked $9 million in revenue for the 12 months ended June 30, 2025. It plans to list on the Nasdaq under the symbol EUPX. R.F. Lafferty & Co. is the sole bookrunner on the deal.
