Borsa Italiana welcomes Poste ItalianeOct 27 2015 - 12:30
- Biggest IPO in Europe in 2015
- €3.4 billion raised at IPO
- Largest privatisation of an Italian company for 16 years
Poste Italiane today debuted on the Main Market of Borsa Italiana. The company is the leading operator of post and commercial services in Italy for the finance, insurance and telephone services sectors.
Poste Italiane raised €3.4 billion at IPO with a market capitalisation of €8.8 billion. Mediobanca-Banca di Credito Finanziario acted as lead sponsor of the operation. Banca IMI, BOFA Merrill Lynch, Citi Group Global Market, Mediobanca and Unicredit Corporate & Investment Banking were global coordinators.
Raffaele Jerusalmi, CEO of Borsa Italiana, declared:
“We are very proud to welcome Poste Italiane to our markets: the biggest listing operation in Europe in 2015. Poste Italiane’s IPO has been a great success, with a book covered over three times from a diversified and international investor base. So far 2015 has been a very positive year for Borsa Italiana, both for the number and variety of companies that have chosen to list on our markets.
Borsa Italiana is strengthening its position among the large European markets and 2016 is expected to be another year of growth”.
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