Reuters logo
Euronext launches IPO, values itself at up to 1.8 bln euros
June 10, 2014 / 6:10 AM / 3 years ago

Euronext launches IPO, values itself at up to 1.8 bln euros

PARIS, June 10 (Reuters) - Stock market operator Euronext aims to raise between 880 million euros ($1.23 billion) and 1.158 billion euros in an initial public offering, it said on Tuesday, valuing it at up to 1.75 billion euros ($2.45 billion).

Euronext said it expected its IPO to be priced at 19-25 euros per share.

Euronext’s parent Intercontinental Exchange Inc will offer up to 60.15 percent of the capital of the company. A group of institutional will take a 33.36 percent stake in the market operator at a 4 percent discount to the IPO price.

In addition, certain institutional investors have committed to purchase 2 percent of the shares of IPO price.

Reporting by Maya Nikolaeva; editing by Blaise Robinson

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below