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By Reuters Staff
1 Min Read
ZURICH, May 10 (Reuters) - Montana Aerospace’s upcoming flotation has been fully subscribed with offers for shares below 25.65 Swiss francs ($28.48) risk missing the deal, one of the bookrunners said on Monday.
Books are covered on the full deal size throughout the entire price range, the bookrunner said, including the over-allotment option.
The price of 25.65 francs is the top end of the indicated price range, giving the company an implied market capitalisation of 1.21 billion francs. Books are due to close at 12.00 GMT on Tuesday.
Montana is aiming to raise around 440 million Swiss francs from selling shares, which it will use to fund acquisitions and organic growth in the aero industry that has been hard hit by the coronavirus.
DGAP-HV: VARTA AKTIENGESELLSCHAFT: Bekanntmachung der Einberufung zur Hauptversammlung am 17 06 2021 in Ellwangen (Jagst) mit dem Ziel der europaweiten Verbreitung gemäß §121 AktG boersennews.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from boersennews.de Daily Mail and Mail on Sunday newspapers.
By Sam Kerr
04 May 2021
Swiss-Austrian company Montana Aerospace made a flying start to its IPO on Tuesday, attracting enough investors to cover the transaction in the first few hours of book building.
The company will sell up to 20.95m shares on the SIX Swiss Stock Exchange at a price of Sfr24.15-Sfr25.65 each. The deal could be as large as Sfr506m ($553.7m), including a 15% greenshoe option.The IPO consists solely of primary shares, worth Sfr440m at base deal size. The company
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Montana Aerospace geht am 12 Mai an die Schweizer Börse SIX moneycab.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycab.com Daily Mail and Mail on Sunday newspapers.