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IMCD expands IPO

6:51 AM MDT | July 18, 2014

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 exercised the overallotment option granted by Bain Capital, IMCD’s biggest shareholder, in respect of 3.3 million overallotment shares, IMCD says. The additional shares were sold at the IPO price of €21/share ($28). IMCD’s IPO comprises 25.3 million shares following the exercise of the overallotment option. As a result, 50.6% of the...

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