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10/02/2014

IPOs are back in force in Lisbon

IPO activity was intense in Lisbon in 2013.  Nexponor “opened the market” in June with an Alternext listing by raising €65 million in new equity. However, it was December that tipped the scales with two IPOs and one technical listing:

  • 5 December: CTT Correios de Portugal listed on Euronext after the government sold a 70% stake: 14% to retail and 56% to institutional investors. Over 25,000 investors bought CTT shares in what was the largest IPO in Portugal since 2008.

 

 

 

 

 

 

  • 12 December: German-based HQ Life listed on Easynext Equities. This private equity company was the first to list on this market since 1999. 
  • 17 December: Caixa Económica Montepio Geral raised €200 million in participation units. Roughly 25,000 retail investors, all Montepio clients, subscribed to these innovative equity instruments. 

Contacts

Miguel Geraldes (Head of Listings, Euronext)
+351/21 790 0062
mgeraldes@euronext.com

Pedro Wilton (Senior Account Manager, Euronext)
+351/21 790-0102
pwilton@euronext.com

ExpertLine: +351/21 790-0055
For more information or for specific questions, please contact your Account Manager or send an email to MyQuestion@euronext.com.