trending Market Intelligence /marketintelligence/en/news-insights/trending/yyaKpXhsWnqcSPTOzkYfeA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Payments company Nexi files for IPO on Italian bourse

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments


Payments company Nexi files for IPO on Italian bourse

Italian payments services company Nexi SpA has filed an application with the Italian stock exchange to list its ordinary shares on the bourse in April.

The IPO, which was first proposed in the beginning of March, comprises a capital increase, excluding pre-emptive rights, of newly issued shares with a total expected value of between €600 million and €700 million, the company said March 18. Existing shares will also be listed to meet the minimum free float requirements set by the Italian bourse.

Nexi noted that the final structure of the offering will be determined immediately before its launch in April, subject to market conditions and approvals from the stock exchange and Italian securities market regulator Consob, with a greenshoe option expected to be provided as well.

Earlier, people familiar with the matter told Bloomberg News that the firm seeks to raise as much as €2.7 billion in the IPO. The firm — which expects its net financial position to be between 3x and 3.5x normalized EBITDA, including the initiatives, by 2019-end — will use proceeds from the capital increase to reduce its financial liabilities.

Additionally, the company said it is finalizing a new loan agreement, subject to the completion of the IPO, to refinance part of its outstanding debt following the listing.

BofA Merrill Lynch, Banca IMI, Credit Suisse, Goldman Sachs International, and Mediobanca SpA, will serve as joint global coordinators on the deal, and as joint book runners alongside Banca Akros SpA, Barclays Bank PLC, Citigroup Global Markets Ltd., HSBC, MPS Capital Services, UBI Banca SpA, UBS Investment Bank and UniCredit Corporate & Investment Banking. Evercore will serve as financial adviser to Nexi on the IPO.

In terms of the loan agreement, Banco BPM is serving as IPO credit facilities coordinator, while UBI Banca SpA is acting as IPO rating adviser.