Tuesday 6 May 2008

Italy Best Union IPO Review

One more IPO has come to the Italian markets. Its from the Italian ticketing group Best Union Company SpA.

What is the price range of the Best Union IPO?
The price band for Best Union IPO is set in the range of 3.4 euros to 4 euros per share.

What is the market value of the Best Union SpA Company?
Going with the price range, the its initial public offering values the company at between 20.9 million and 24.6 million euros.

How many shares are offered for sale for Best Union IPO?
A total of 3.9 million shares are available for purchase through the Best Union IPO. That makes it around 42% of the equity capital. 3.12 million will be newly issued shares and the remainder sold by existing shareholders

Related: Ferretti Ipo Review, Prada IPO

What are the fundamental indicators like PE ratio & business valuation for the Best Union IPO?
This price range gives a price to earnings ratio of between 37.2 and 43.8, and EV to EBITDA ratio of between 13.1 and 15.4

What is the portion listed for retail investors?
At least 25 percent of the shares on offer are reserved to retail investors in Italy, while global coordinators Banca Akros SpA and Banca Aletti & C SpA have been given an option to subscribe to a further 585,000 shares.
When will the IPO be listed on the stock exchanges?
The final IPO price will be set on May 14 and the shares are expected to debut on the market on May 15th.
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