Lithuanian energy firm Ignitis announces guidance on IPO pricing at €22.5 per share

By bne IntelliNews September 30, 2020

Lithuania's state-owned energy group Ignitis Grupe (Ignitis Group) announced further guidance on its IPO pricing towards €22.5 for shares and global depository receipts (GDR) on September 30.

The offer is comprised of 20.902mn shares, or 27.8% of the company's total share capital. If the final price stands at €22.5, the company will attract €470mn and its market capitalisation would stand at €1.692bn.

Ignitis set a price range of €22.5-€28 for its shares and GDRs prior to the IPO.

The group underlined on September 30 that the guidance does not determine the final offer price. Retail investors, as previously, submit their orders at a maximum price of €28 per share. The final offer price, in respect with the prospectus, will be determined following a book-building process which started on September 21 and ends on October 1.


Related Articles

Lukoil seeks to dispose of its stake in Romanian Black Sea perimeter

Russian oil company Lukoil wants to sell its 87.8% stake in the EX-3-Trident perimeter in Romania's Black Sea offshore area, according to the CEO of Romanian state-owned gas producer Romgaz, which ... more

Bulgaria reportedly completes Balkan Stream, connects to Serbian pipeline

Bulgaria has reportedly completed its section of the Turkish Stream pipeline, dubbed Balkan Stream, and has connected it to the Serbian part of the pipeline, b92 reported on November 9, quoting ... more

Bulgaria’s competition watchdog finally allows Eurohold to buy CEZ’ local assets

Bulgaria’s Competition Protection Committee (CPC) allowed financial and insurance group Eurohold Bulgaria to acquire the local assets of Czech company CEZ after completing a second in-depth ... more