The pan-European equities exchange, Euronext, announced yesterday that it had appointed several senior banks to act as lead managers for its forthcoming IPO. Euronext was formed when the Paris, Belgium, and Amsterdam stock exchanges merged last year, and is due to go public in May, 3 months after the planned flotation of Deutsche Borse, which has employed the services of 11 banks to help it list on its own exchange.
ABN Amro Rothschild and BNP Paribas have won the mandate to act as global co-ordinators for the IPO, hardly a surprising choice, as the banks have a strong connection with Euronext. ABN Amro advised all three stock markets on the merger, and BNP is the largest shareholder in the exchange.
ABN Amro and BNP will act as joint bookrunners of the institutional offering with UBS Warburg (the largest overseas shareholder), and will also share the position as lead managers of the retail offer with Societe Generale.
Although Euronext's later launch will mean that fund availability is delayed to allow for further stock market consolidation, analysts believe that this should not disadvantage the exchange.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment