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IMCD's over-allotment option exercised in full; IPO valued at more than €530 million
11:11 AM MDT | July 11, 2014 | Ian Young
Specialty chemicals distributor IMCD Group (Rotterdam) says that, following its recent initial public offering, the option to sell an additional 15% of the total number of shares offered in the IPO has been exercised in full. The London branch of Deutsche Bank, as stabilizing manager, and on behalf of the joint bookrunners, exercised the over-allotment option that was granted by Bain Capital, IMCD's biggest shareholder, in respect of 3.3 million over-allotment shares, representing 15% of the offering size, IMCD says. The over-allotment shares were sold at...
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