19 February 2018
visit www.ebaday.com

Euronext IPO priced at EUR20 a share

20 June 2014  |  2144 views  |  0 Source: Intercontinental Exchange

Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, announced today the pricing of the initial public offering (IPO) of the ordinary shares (the Shares) of Euronext N.V. (Euronext or the Company), the pan-European exchange group.

Euronext's ordinary shares will be listed and admitted to trading under the symbol "ENX" on Euronext Paris, Euronext Amsterdam and Euronext Brussels as of June 20, 2014 (on an "as-if-and-when-delivered" basis). Euronext also intends to list on Euronext Lisbon after the IPO.

Highlights

  • IPO price set at €20 per Share.
  • All of the 42,248,881 offered Shares were sold in the IPO, representing 60.36% of the total issued ordinary share capital of the Company.
  • Listing and first trading in the Shares (on an "as-if-and-when-delivered" basis) on the regulated markets of Euronext in Paris, Amsterdam and Brussels under the symbol "ENX" are expected to commence on June 20, 2014.
  • Euronext intends to list on Euronext Lisbon after the IPO and before the fourth quarter of 2014.

Retail Offering and Institutional Offering

  • 40,852,883 Shares have been allocated to the institutional offering (€817 million or 96.7% of the offered Shares) and 1,395,998 Shares have been allocated to the retail offering (€27.9 million or 3.3% of the offered Shares).
  • ICE has granted the joint global coordinators an over-allotment option of up to 4,210,823 additional Shares, which can be exercised to cover short positions resulting from any over-allotments made in connection with the IPO or stabilisation transactions. If the over-allotment option is exercised in full, the IPO will represent 66.37% of the total issued ordinary share capital of Euronext, and ICE will no longer hold any shares in Euronext.

Reference Shareholders
A group of institutional investors (the Reference Shareholders) acquired on June 13, 2014 an aggregate of 33.36% of the Shares at a 4% discount to the IPO price for a price of €19.20 per Share.

Employee Offering
In addition, the Company sold 188,296 ordinary shares at €16 per ordinary share, a 20% discount to the IPO price, to its eligible employees and those of its majority-owned direct and indirect subsidiaries in Belgium, France, the Netherlands, Portugal and the United Kingdom. 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit https://www.capgemini.comvisit www.ebaday.comVisit http://info.nice.com

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11353 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
8907 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
8797 views 10 comments | 22 tweets | 26 linkedin
Aussie real-time payments platform goes liveAussie real-time payments platform goes li...
8751 views comments | 15 tweets | 43 linkedin
hands typing furiouslyHow can Blockchain Help with AML KYC
8156 views 4 | 9 tweets | 6 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job