Lithuania's state-owned energy group Ignitis Grupe (Ignitis Group) announced further guidance on its IPO pricing towards €22.5 for shares and global depository receipts (GDR) on September 30.
The offer is comprised of 20.902mn shares, or 27.8% of the company's total share capital. If the final price stands at €22.5, the company will attract €470mn and its market capitalisation would stand at €1.692bn.
Ignitis set a price range of €22.5-€28 for its shares and GDRs prior to the IPO.
The group underlined on September 30 that the guidance does not determine the final offer price. Retail investors, as previously, submit their orders at a maximum price of €28 per share. The final offer price, in respect with the prospectus, will be determined following a book-building process which started on September 21 and ends on October 1.
Related Articles
Estonian banks see €368mn profit in Q1 2025
Commercial banks in Estonia earned a combined profit of €368mn in the first quarter of 2025, down from €444mn a year earlier but up from €291mn in the previous quarter, according to Eesti Pank, ... more
Poland’s Orlen signs deal to supply Ukraine with LNG
Ukraine’s Naftogaz will purchase 100mn cubic metres of LNG from Poland’s Orlen, Ukraine’s biggest state-owned energy firm announced on March 7. The LNG will be transported from cargoes ... more
Swedbank Estonia CEO says Lithuania's bank taxes spooked investors' and foreign banks’ interest
Olavi Lepp, CEO of Swedbank’s Estonian branch, stated that Lithuania’s recently imposed temporary bank solidarity levy has dampened interest among new banks and foreign investors in the ... more
Most Read
-
Putin to skip Rio BRICS summit over ICC warrant as Xi signals no-show
10 days ago
-
Turkey yet to prove rare earth deposit has suggested “giant” potential despite reported processing talks with China
10 months ago
-
Uproar in Mongolia as development bank reveals scale of risky loans and NPLs
3 years ago