trending Market Intelligence /marketintelligence/en/news-insights/trending/8GGyM3Eagvnrpv63sKiRpA2 content esgSubNav
In This List

VGP ends stabilization period for secondary public offering

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


VGP ends stabilization period for secondary public offering

VGP NV announced the end of the stabilization period for its secondary public offering following the sale of a total of 5,086,559 shares and a partial exercise of the underwriters' overallotment option.

The company had granted underwriters an option to buy up to 678,685 additional shares at 56.00 apiece. With 561,990 overallotment shares sold, generating proceeds of €31.5 million, gross proceeds from the offering totaled €284.8 million, according to a release. The overallotment shares are slated for delivery Nov. 28.

The stabilization period ran from Oct. 26 to Nov. 24.

J.P. Morgan and KBC Securities acted as joint global coordinators and joint book runners for the offering, while underwriters Belfius and ING were co-lead manager and co-manager, respectively.