Summary
AMSTERDAM (HedgeWorld.com) - The multi-strategy closed-ended investment company Boussard & Gavaudan Holding today [Nov. 1] announced the completion of the initial public offering of its shares on Eurolist by Euronext. The company placed 44 million shares at 10 euro apiece, raising 440 million euro ($561 million), and granted the joint global coordinators, BNP Paribas and Lehman Brothers, an over-allotment option of up to 1 million shares.
B&G announced in mid-October that it intended to raise up to 500 million euro by offering up to 50 million shares, so the amount actually raised fell something short of that. However, the bar had been raised significantly since B&G first formulated the IPO - as late as August the company was said to be looking to raise just 100 million euro.See the full content of this document
Extract
B&G Pulls Off Record Ipo
"We are delighted by the response of ...
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