The airport manager stands as the seventeenth most valuable company in the Spanish stock market, with a market value of 10,500 million euros.
Aena yesterday began trading on the Madrid stock exchange with a rise of 12.24% to 65.1 euros, compared to its starting price set at 58 euros.
But that was only the beginning, because the company closed the day with an increase of 20.69%, reaching 70 euros per share. With this, the market capitalization of the operator in the world by number of passengers largest airports reached 10,500 million euros.
The airport operator is positioned as the seventeenth most valuable company of all the Spanish stock ahead of values as Red Eléctrica de Spain, ACS or Mapfre.
The placement of 49% of Aena is the largest IPO in Europe since 2011, when the mining and commodities trader Glencore sold part of its capital in the London market.
After the traditional bell, Aena President Jose Manuel Vargas said the IPO of airport operator “has been a long, complex, difficult and successful. What was a dream, today it is reality. “
Aena operates hubs in Madrid and Barcelona, as well as smaller Spanish facilities such as Malaga, Palma de Mallorca and Alicante. It also operates Luton Airport, just outside London, and some hubs in Latin America.
Major shareholders
With this public offering , mediated by Goldman Sachs, Morgan Stanley, Bank of America Merrill Lynch, Santander and BBVA, the Spanish state will collect 4.263 million euros and still keep 51% of Aena.
The next largest shareholder manager airport is the British fund TCI (The Children Foundation) with 6.5% stake.
Other shareholders with greater weight is the billionaire George Soros, which holds 1.15% of the capital.
Also among the shareholders of the Spanish sovereign funds include countries like Abu Dhabi, Singapore and Norway; management firms and private investment funds and pension as BlackRock, Fidelity and Macquarie
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