Lisbon Newsbites
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:
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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.
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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.