GO
Loading...

Enter multiple symbols separated by commas

Euronext launches IPO, values itself at up to $2.38B

The Euronext flag hangs outside the NYSE.
Adam Jeffery | CNBC
The Euronext flag hangs outside the NYSE.

Stock market operator Euronext aims to raise between 880 million euros ($1.23 billion) and 1.158 billion euros in an initial public offering, it said on Tuesday, valuing it at up to 1.75 billion euros ($2.38 billion).

Euronext said it expected its IPO to be priced at 19-25 euros per share.

Euronext's parent Intercontinental Exchange will offer up to 60.15 percent of the capital of the company. A group of institutional will take a 33.36 percent stake in the market operator at a 4 percent discount to the IPO price.

In addition, certain institutional investors have committed to purchase 2 percent of the shares of IPO price.


Follow us on Twitter: @CNBCWorld

Contact Europe News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Europe Video

  • Is FIFA in need of fresh blood?

    U.K. Conservative Member of Parliament Damian Collins says that Wednesday underlined the "total failure" of FIFA to investigate itself.

  • Searching for Greece solutions

    Phillippe Gudin, chief European economist at Barclays, explains why the Greek crisis is different today compared to 2010.

  • Greek contagion heading your way?

    Joe Oliver, finance minister of Canada, tells CNBC that countries must take critical steps to improve growth, with particular comment on the Greek crisis.