Successful private placement of new MDxHealth shares for 20 million EUR

Bank Degroof Petercam is proud to have led the successful EUR 20 million private placement of MDxHealth shares.
Bank Degroof Petercam acted as Sole Lead Manager and Bookrunner.

On 2 November 2016, MDxHealth -  a multinational healthcare company that provides actionable epigenetic information to personalize the diagnosis and treatment of cancer - , announced the launch of a private placement through an accelerated book building of shares for an amount of approximately EUR 15 million, with the possibility to increase the size of the placement. On 3  November 2016, MDxHealth had successfully raised EUR 20.4 million.  A total of 4,526,962 new shares were issued at a price of EUR 4.50 per share, implying a discount of 2.7% to the closing price prior to launch.

Despite major indices declining for 4 consecutive days and main stock indices down by 1.5% on trading day prior to launch and thanks to coordinated sales efforts, Degroof Petercam was able to generate substantial demand from long only funds and specialized investors, resulting in a meaningful oversubscription. The new shares were mostly placed with investors from the UK, Belgium and France. We are very pleased with the success of this transaction which also demonstrates  our in-depth knowledge of and commitment towards healthcare companies.

About MDxHealth

MDxHealth is a multinational healthcare company that provides actionable epigenetic information to personalize the diagnosis and treatment of cancer. The company's tests are based on proprietary gene methylation (epigenetic) technology and assist physicians with the diagnosis of cancer, prognosis of recurrence risk, and prediction of response to a specific therapy. For more information visit

Alexandra Niehe

Head of corporate communications

Thomas Van Rompuy

Senior Executive Advisor - media relations, economics, Bank Degroof Petercam

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About Degroof Petercam

Founded in 1871, Degroof Petercam is a Belgian-rooted reference investment house built on more than 150 years of integrated financial knowledge.

Private and institutional investors, as well as corporates trust us for our strong investment convictions and for our continuum of services in private banking, asset management, investment banking and fund servicing.

On December 31, 2023, total assets amounted to 74.3 billion euros. More than 1,500 experts are committed to our clients through offices in Belgium, Luxembourg, France, Switzerland, Spain, the Netherlands, Germany, Italy, Hong Kong and Canada.

As employer and investor, we create responsible prosperity for all by opening doors to opportunities and accompanying its clients with expertise.

Owned by CLdN Cobelfret (20%) and Indosuez Wealth Management (65%), Degroof Petercam benefits from the vast expertise and action scope of the international network of Indosuez Wealth Management and the Crédit Agricole group, the world's 10th largest bank.
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