trending Market Intelligence /marketintelligence/en/news-insights/trending/zXefxy-ZiHab52I4SoleGQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

COIMA RES downsizes minimum offering size of IPO

Commercial Real Estate: 2020 Review

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


COIMA RES downsizes minimum offering size of IPO

COIMA RESS.p.A. decided to downsize the minimum offering size of itsIPO in Italy to €215million from €300 million, and also offer the shares exclusively toinstitutional investors.

The company, which filed its initial listing on the MercatoTelematico Azionario in March, did not disclose a reason for the changes in itsApril 8 news release.

COIMA RES said that its institutional offering generated "strongdemand" from local and offshore investors. However, PropertyEU reportedApril 8 that investor interest fell short of expectations amid difficult marketconditions so the company decided to cancel the offering of 3 million sharespriced at €10 apiece.

The developer said that it is in a position to imminentlyfile the request for approval of a new Italian listing prospectus.

The IPO was scheduled to close on April 8, as previouslyreported, and the company now expects the updated offering to close followingreceipt of regulatory approval of the new Italian listing prospectus.

IPO Borsa Italiana SpA served as the organizer and managerof the IPO. Citigroup and Mediobanca acted as joint global coordinators, whileBanca IMI, UniCredit and Kempen & Co. served as joint book-runners.