Bpifrance’s Valneva Stake Dips Following Company Share Sale

After the sale, the Bpifrance owns more Valneva shares, but a smaller percentage of the company

Fintel reports that Bpifrance Participations SA has filed a 13D form with the SEC disclosing ownership of 11,616,821 shares of Valneva (NASDAQ:VALN, EPA:VLA), or 8.4% of the company.

In their previous filing dated February 10, 2022, they reported 9,501,441 shares and 9.00% of the company, an increase in shares of 22.26% and a decrease in total ownership of 0.60% (calculated as current – previous percent ownership).

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In October, the dual-listed specialty vaccine company closed a 21 million ordinary share sale to specific investors. The sale included 375,000 American depositary shares (“ADSs”), each representing two ordinary shares, in the US at $9.51 per ADS. It also privately placed 20.3 million ordinary shares in Europe at 4.9 euros each.

The company said the sale raised $100 million.

What Are Other Large Shareholders Doing?

• General American Investors Co Inc holds 375,000 shares.
• Bank of America Corp /de/ owns 26,273 shares.
• Laurion Capital Management LP owns 25,000 shares.
• Morgan Stanley owns 5,263 shares.
• Advisor Group Holdings, Inc. holds 1,450 shares.

What Is The Overall Institutional Sentiment?

There are 15 funds or institutions reporting positions in Valneva SE. This is an increase of 2 owner(s) or 15.38%.

Average portfolio weight of all funds dedicated to Valneva SE is 0.1323%, an increase of 18.8300%. Total shares owned by institutions increased in the last three months by 300.24% to 485,081 shares.

Based on this information, institutional sentiment is bullish.

Article by Fintel