IFLR1000

Nexi Borsa Italiana IPO

17/4/2019
IPO
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€ 2.01 billion

$ 2.274 billion

Completed

17/4/2019

Overview:

  • Italian payment service firm Nexi raised over €2 billion from its IPO on the Borsa Italiana.
  • It was the largest IPO in Europe and in the fintech sector in 2019 at the time of the issue, and the second largest worldwide behind Lyft.
  • The company has a free float of 35.6%, with each share priced at €9, and initial market capitalisation €5.7 billion.

Rajeeb Gurung - Researcher

 

Jurisdictions:

Italy
Luxembourg
United Kingdom

Deal type:

IPO

Practice area:

Capital markets : Equity

Industry sector:

Financial services

Firms:
Bonelli Erede Lombardi Pappalardo

Party: Nexi (Issuer)

Lawyers: Carlo Montagna (left), Vittoria Giustiniani

BSP

Party: Banca Akros (Sponsor)

Party: Banca IMI (Sponsor)

Lawyer: Linda Harroch

Kirkland & Ellis

Party: Mercury UK Holdco Limited (Shareholder)

Party: Nexi (Issuer)

Lawyers: Christopher Shield, Michael Taufner

Latham & Watkins

Party: Banca IMI (Joint global coordinator)

Party: Bank of America Merrill Lynch (Joint global coordinator)

Party: Credit Suisse (Joint global coordinator)

Party: Goldman Sachs International (Joint global coordinator)

Party: Mediobanca (Joint global coordinator)

Lawyers: Antonio Coletti, Ryan Benedict

Legance

Party: Mercury UK Holdco Limited (Shareholder)

Party: Nexi (Issuer)

Lawyer: Andrea Botti

Linklaters

Party: Nexi (Issuer)

Lawyer: Claudia Parzani

Lombardi Segni & Associati

Party: Banca IMI (Joint global coordinator)

Party: Bank of America Merrill Lynch (Joint global coordinator)

Party: Credit Suisse (Joint global coordinator)

Party: Goldman Sachs International (Joint global coordinator)

Party: Mediobanca (Joint global coordinator)

Weil Gotshal & Manges

Party: Banca Akros (Sponsor)

Party: Banca IMI (Sponsor)

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