France-based pipeline coating provider EUPEC International Group triples shares offered ahead of $15 million US IPO
IPO Overview
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.
About the Company
We provide comprehensive, high-performance coating solutions for onshore and offshore steel pipelines in the water, oil and gas sectors. Our specialized services include linepipe coating, custom coating, field joint coating and reel-to-reel coating, supporting pipeline installation contractors and asset owners worldwide. We serve past and present leading industry players such as Total Energies, ENI, Exxon, Petrobras, Shell and BP, as well as engineering, procurement, and construction contractors such as Denny, Tenaris , TechnipFMC, Saipem, McDermott, Subsea 7, and pipe suppliers such as Europipe, EEW, EBK, ITP, Equans, PMPING delivering projects for major energy companies including Chevron, Total Energies, Saudi Aramco, Qatar Energy, GrDF, Nord stream, Aker Solutions, Engie Fabricom, PFF and SPIECAPAG. We believe that we have built a strong reputation for excellence in pipeline coating services. Our end-to-end solutions—from linepipe and custom coatings to field joint applications—ensure durability and corrosion protection throughout the pipeline lifecycle.