Renta 4 to list up to 34.76 pct of capital; indicative price 8.80-10.80 eur/shr |
|
|
|
Published
:
Thu, 25 Oct 2007 16:16
|
MADRID (Thomson Financial) - Spanish brokerage Renta 4 said it plans to list up to 34.76 pct of capital, including a greenshoe, with an indicative price range of 8.80-10.80 eur per share.The listing will be carried out through a subscription offer, followed by an initial public offering.In its bourse listing documentation, Renta 4 said the subscription offer will consist of 8.197 mln new shares with a nominal value of 0.40 eur each, representing 25.22 pct of capital.The IPO will consist of 1.624 mln existing shares, or 5.0 pct of capital, also with a nominal value of 0.40 eur.Of the total offer, 25 pct will be earmarked for retail investors, with the remaining 75 pct for 'qualified investors.'The retail and final price will be set on Nov 12 and company will debut on the stock market on Nov 14.In an interview with Thomson Financial News last week, Renta 4 chairman Juan Carlos Ureta said the funds from the listing will be used to expand in the asset management business.He said that with pre-marketing already underway, first indications of investor interest 'are reasonably positive.'tfn.europemadrid@thomson.comccs/jdy/rwCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
|
|
|
|
Print this Story
Codere sets final IPO price at 21 eur/shr, bottom-end of 21-26 indicative range 