SPIE Euronext Paris IPO

Overview:

• French headquartered multi-technical energy and communications services company SPIE successfully completed its IPO on to the Euronext Paris. 
• The company issued €700 billion new shares, and existing shareholders, Clayton, Dubilier & Rice, Ardian and the Caisse de dépôt et de placement
  du Québec, sold €333 million of existing shares. 
• The share price was set at €16.50 which gave the company an approximate market valuation of €2.5 billion.
• The transaction has been oversubscribed several times and is the second largest IPO on Euronext Paris since 2007.
• JPMorgan and UBS are acting as global coordinators, joint lead managers and joint bookrunners.
• Barclays, BNP Paribas, BofA Merrill Lynch, HSBC and Société Générale CIB are acting as joint lead managers and joint book runners.
• Crédit Agricole CIB and Natixis are acting as co-lead managers.   

John Crabb - Journalist