Wed, 11/06/2014 - 06:02
Intercontinental Exchange (ICE) has published the prospectus, including an indicative price range, relating to the planned initial public offering (IPO) of the ordinary shares of Euronext NV.
The listing would establish the pan-European exchange group as an independent, publicly traded company.
Euronext’s ordinary shares are intended to be listed on Euronext Paris, Euronext Amsterdam and Euronext Brussels. Euronext intends to list on Euronext Lisbon after the IPO.
The IPO consists of the secondary sale of part or all of Euronext’s ordinary shares held by its shareholder, ICE Europe Parent Ltd, an indirect wholly owned subsidiary of ICE.
The indicative price range is set at EUR19.00 to EUR25.00 (inclusive) per share.
Euronext is valued at EUR1.33 billion to EUR1.75 billion on the basis of the indicative price range.
The IPO will comprise a public offering to institutional and retail investors in Belgium, France, the Netherlands and Portugal and a private placement to certain institutional investors in various other jurisdictions.
It will offer up to 42,108,230 shares, representing up to 60.15 per cent of the capital of the company.
The offer period for institutional and retail investors commences at 9.00 a.m. CET today and is expected to end at 5.00 p.m. CET on 18 June 2014 for the retail offering and at 12.00 noon CET on 19 June 2014 for the institutional offering (subject to acceleration or extension of the timetable of the offering).
Dominique Cerutti (pictured), CEO of Euronext says: “We are delighted to launch the IPO of Euronext with such strong commitment from leading institutions across Europe, a recognition of Euronext’s potential as a leading pan-European exchange group. Euronext’s role in supporting the real economies of Europe will be further strengthened by our independence and we believe that we are well positioned to develop our markets across Europe, by optimising our underexploited businesses and repositioning as a leading capital raising centre.”
Wed 23/12/2015 - 08:00
Thu 25/06/2015 - 10:40
Thu 15/01/2015 - 08:19
Tue 22/07/2014 - 13:01
Wed 23/12/2015 - 08:00
Thu, 05/May/2016 - 10:29
Thu, 05/May/2016 - 09:53
Thu, 05/May/2016 - 09:35
Thu, 05/May/2016 - 09:33
Thu, 05/May/2016 - 09:31
Thu, 05/May/2016 - 09:30