💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

FACTBOX-European IPO pipeline

Published 06/16/2009, 11:24 AM
Updated 06/16/2009, 11:33 AM
ISP
-

June 16 (Reuters) - The following are initial public offerings in the pipeline for companies in the Europe, Middle East and Africa (EMEA) region, based on announced deals and Thomson Reuters data:

ISSUER DATE COUNTRY PROCEEDS BOOKRUNNER

($ million) ============================================================== Newriver Retail Jun 24 UK 412.6 Merrill Lynch

-Shell company focusing on property is chaired by Paul Roy, a former Merrill Lynch banker while David Lockhart, the founder of Halladale, is the chief executive. Bogdanka Jun 25 Poland 168.7 BRE Bank

-The first IPO in Poland this year was priced at 48 zlotys per share, the top of the 42-48 zloty range announced. The deal has been heavily oversubscribed, with individual investors getting only 11.8 percent of the shares they have applied for.

Poland's centre-right government is pushing through several privatisation listings in the coming months. Shares will begin trading on June 25. Saudi Steel Jun 27- Saudi TBA TBA Pipes Jul 3

-The company, founded in 1980, will offer 16 million shares, or 31.4 percent of its capital.

San Jose Jun 30 Spain TBA TBA

-The Spanish builder, the main shareholder of Parquesol, said on May 28 it plans to list before June 30.

Flatex Jun 30 Germany 4.3

-The German online broker is the first to test the German IPO market this year, setting a price of 3.9 euros per share for its offer of up to 800,000 shares on Jun 9. Bookbuilding runs between June 17 and June 26, with shares to start trading on the Frankfurt Stock Exchange on June 30.

Saudi National Jul 18-24 Saudi 640 TBA Petrochemical Co

- The company will sell 240 million shares, representing 50 percent of its share capital, at 10 riyals ($2.67) each. Some 80 million shares will be allocated for the General Organization for Social Insurance, and 80 million shares for the Public Pension Fund. The remaining 50 percent will be held by Saudi Industrial Investment Group

Al Mouwasat Aug 15-21 Saudi TBA TBA Medical Services Co

-The company, which owns hospitals and pharmacies, will sell 7.5 million shares, representing 30 percent of its capital.

Al Alamiya Oct 3-9 Saudi 16 Riyad Capital

-Al Alamiya, which is part of insurance group RSA, will launch its IPO by floating 30 percent of its equity capital, or 6 million shares, at 10 riyals each.

Buruj Cooperative Oct 3-9 Saudi 13.9 TBA Insurance Co

-BCI is selling 5.2 million shares, or 40 percent of its share capital, at 10 riyals ($2.67) each.

Gulf General Oct 3-9 Saudi 21.4 TBA Insurance

-GGI is selling 40 percent of its share capital or 8 million shares at 10 riyals each.

Winkworth Autumn UK TBA TBA

-Winkworth is a property agency that licenses its brand and marketing services to independent agents. It was founded by Siman Agace in 1975.

Ran Lojistik TBA Turkey TBA TBA

-The transportation firm said on May 28 that it had applied to sell a 25.2 percent stake in an IPO on the Istanbul Stock Exchange. The offering will increase the company's capital by 79 percent to 12.7 million lira ($8.2 million).

Clinuvel H2 TBA TBA TBA

-Biotech company Clinuvel, which is listed in Australia, could list shares in Switzerland in 2009 as it hopes the flotation would help selling a drug to treat sun intolerance.

Istikhlaf Bank Q4 Bahrain 3,500 TBA

-The lender will be listed on the Bahrain Stock Exchange and Nasdaq Dubai. Adnan Ahmed Yousif, the chairman of the Union of Arab Banks, said there will be a private placement of $6.5 billion and a $3.5 billion IPO. Northern Rock Q4 UK TBA TBA

-UK Treasury is eager to sell nationalised bank Northern Rock for a profit. It favours a private sale rather than an IPO as it would be speedier. But on top of the sale price, any potential buyer would need to replace the 3 billion pounds of new capital that the government promised to inject into Northern Rock. Bank of Alexandria TBA Egypt TBA TBA

-The Egyptian government is mulling selling its 20 percent stake in the formerly state-owned bank, which was privatised in 2006 with the sale of 80 percent to Italy's Intesa Sanpaolo.

Transdev TBA France TBA TBA

-French utility group Veolia is looking at ways to combine its transport arm with Transdev to create a new European travel firm that would seek a listing as soon as conditions permit, Veolia said in a statement on June 9.

Deutsche Bahn 2010 Germany TBA TBA

-The German state railways dropped its IPO plan, which was due to be the country's biggest since 2000, due to adverse market conditions. Chief Executive Ruediger Grube hopes the IPO can be revived in 2010 or 2011.

Svyazinvest TBA Russia TBA TBA

-The state-controlled telecoms giant may hold an IPO on Western bourses once its reorganisation is completed, its general director said on May 30.

Newlook 2010 UK TBA TBA

-Fashion chain New Look, which is owned by Apax and Permira , has not ruled out an IPO in 2010. It dropped an IPO in 2007 as investors baulked at the 1.8 billion pound price tag.

RZD TBA Russia TBA TBA

-The state-owned rail transport monopoly is expecting an IPO no earlier than 2011, Vladimir Yakunin, chief executive of RZD told reporters on May 20.

TBA - To be announced (Compiled by Daisy Ku; editing by Rupert Winchester)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.