Gardner Denver Holdings NYSE IPO

Overview:

• Gardner Denver Holdings has undertaken an IPO on the NYSE.
• The offering was of 47,495,000 shares of common stock, which included an underwriters’ option to purchase 6,195,000 additional shares. The offering raised $826 million, which could rise to $950 million with the option.
• Goldman Sachs, Citigroup, KKR Capital Markets, UBS Investment Bank, Simmons & Company International, Deutsche Bank Securities, Baird, Credit Suisse and Morgan Stanley acted as bookrunners.
• William Blair, Stifel, HSBC, Macquarie Capital, Credit Agricole CIB and Mizuho Securities acted as co-managers.
• US IPO activity has been on the rise in 2017, with 25 companies going public in the first quarter, compared to last year's 8.
• KKR acquired the company in 2013 for $3.7 billion.
• Gardner Denver Holdings is an industrial machinery maker.

Katrin Kostadinova - Data analyst