21 May 2018
visit www.ebaday.com

GlobeOp IPO priced at 230 pence per share

25 July 2007  |  2349 views  |  0 Source: GlobeOp Financial Services

GlobeOp Financial Services S.A. ('GlobeOp' or 'the Company'), a leading independent provider of business process outsourcing, financial technology services and analytics to the hedge fund industry and other targeted sectors of the financial services industry, today announced that on the basis of the bookbuilding process carried out by Merrill Lynch International as global co-ordinator, the Company, the selling shareholders and Merrill Lynch International have determined that 20,367,950 Shares will be offered under the Offer and that the final Offer Price, for the purposes of Offer, is 230 pence per Share.

Certain of the Selling Shareholders have, in addition, granted Merrill Lynch International an over-allotment option equal to up to 2,036,795 Shares.

The Company has applied for admission of the entire issued share capital of the Company to the Official List and to trading on the London Stock Exchange ('Admission'). Conditional dealing in the Shares is expected to commence at 8:00 am London time on 25 July 2007. Admission and commencement of unconditional dealings on the London Stock Exchange is expected to occur on 30 July 2007. CREST accounts will be credited in respect of Depositary Interests representing the Shares on the same date.

Commenting on the announcement, Hans Hufschmid, GlobeOp's chief executive, said: "We believe GlobeOp presents a compelling investment opportunity as demonstrated by our solid trading performance in the second quarter. We have continued to increase assets under administration and improve operating efficiency, and the pipeline for new client acquisitions in the second half of the year looks strong. We believe that our admission to the LSE will provide us with greater flexibility to further develop GlobeOp and we look forward to our future as a listed company."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit response.ncr.comvisit www.ebaday.com

Top topics

Most viewed Most shared
Ripple moves to build ecosystem around XRPRipple moves to build ecosystem around XRP
9977 views comments | 5 tweets | 8 linkedin
PayPal agrees $2.2 billion deal for iZettlePayPal agrees $2.2 billion deal for iZettl...
8215 views comments | 14 tweets | 27 linkedin
Former JPMorgan blockchain leads unveil new startupFormer JPMorgan blockchain leads unveil ne...
7627 views comments | 2 tweets | 2 linkedin
BBVA begins global roll-out of unified mobile appBBVA begins global roll-out of unified mob...
7521 views comments | 6 tweets | 5 linkedin
Worldline to acquire SIX Payment ServicesWorldline to acquire SIX Payment Services
7251 views comments | 14 tweets | 24 linkedin

Featured job

Competitive base + commission + benefits
London, UK

Find your next job