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The IPO demand formation process, which began on Thursday, September 21 at 1 pm, will end for retail investors and at 2 pm – institutional investors.
Ignitis Group announced this Wednesday that the reference price of the IPO is in line with the lower limit and is 22.5 euros per share and Global Certificates of Deposit (GDR). The final price of the offer, which ranges between € 22.5 and € 28, will be determined by the process of demand formation.
If the final price of the offer is 22.5 euros, the company will raise 470.3 million. and its market capitalization at this price will be 1,692 million euros. euros. The securities are publicly distributed to retail investors in Lithuania, Latvia and Estonia, who are guaranteed an allocation of at least 100 shares, and to non-public institutional investors.
On September 23, the Reuters news agency announced that Ignitis Group’s IPO application book had been completed in the early days of signing, but according to investment bankers, for the IPO to be successful, the demand for distributed securities should be at least twice the supply.
Ignitis grupė has previously announced that the listing of its securities offered on the Nasdaq Vilnius and London Stock Exchanges will take place on October 7 or on a similar date.
The state currently owns 100 percent. Ignitis Group shares.
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