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IMCD's IPO priced in middle of announced range
11:57 AM MDT | June 27, 2014 | Ian Young
Specialty chemicals distributor IMCD Group (Rotterdam) priced its initial public offering at €21/ordinary share ($28.65)—the middle of the previously announced price range. The company says there was strong investor demand and that the IPO was "well oversubscribed." IMCD shares began trading on the Euronext Amsterdam exchange today. The IPO price is equivalent to a market capitalization for IMCD of €1.05 billion. IMCD's IPO consists of 12.86 million newly issued shares raising about €270 million of primary gross proceeds; 7.60...
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