Online Financial Journal / Expansion
A chilly reception has Telepizza on his return to the Stock Exchange of Spain. In its first crosses the shares and more deflated than 10% below 7 euros.
At this time, meanwhile, their titles lost 17.6% (reached 20% fall) to 6.3 euros compared to 7.75 euros set for release.
the falls occur even though the company had already placed its starting price at the bottom of its range provided, ranging between 7 and 9.5 euros per share.
There is no point prior to its opening demand. The group’s president, Paul Juantegui, said at the presentation ceremony in the Madrid Stock Exchange that purchase orders have exceeded 2.5 times the supply of securities intended for trading return. Juantegui detailed in this regard that 50% of the demand came from US investors, and 37% of British.
Following the falls suffered since returning to Exchange, the company president has said that “no we can go posting on the trading day. we have a development plan in the medium term we believe that we can compensate very well for shareholders, but singularities that can happen on a specific day are very difficult to assess “.
the IPO of Telepizza, which participate billionaire George Soros, as forward EXPANSIÓN, is also the largest of a chain of restaurants worldwide since July 2014 and the third largest history in EMEA (Europe, Middle East and Africa) in this sector. And in Spain, is one of both size not lived from Euskaltel June last year
.
No comments:
Post a Comment