IFR International - 28.07.2018

Major shareholder Aggregate Deutschland
EXERCISEDûRIGHTSûTOTALLINGûõM ûWHILEû#ONSUSû
#%/û!NDREASû3TEYERûADDEDûõMû!BOUTûûOFû
the portion placed concurrently with
institutions went to UK accounts, with
German and Swiss investors notable in the
REMAININGûDISTRIBUTIONûAROUNDû%UROPE
/Nû4UESDAYûAFTERNOON ûEXISTINGûSHARESû
were trading in line with deal pricing at
õûEACHû4HEûNEWûSHARESûBEGINûTRADINGûONû
-ONDAY
Deutsche Bank and UBS were joint global
COORDINATORSûANDûJOINTûBOOKRUNNERSûWITHû
Baader Bank

IRELAND

GREENCOAT PLACING RAISES €111m

GREENCOAT RENEWABLESûHASûRAISEDûõMû
THROUGHûAûPLACINGûINVOLVINGûMûSHARES û
UPûFROMûMûATûLAUNCH ûPRICEDûATûõû
The offering closed on Monday and
REPRESENTEDûûOFûTHEûEXISTINGûSHARESûINû
THEûRENEWABLEûINFRASTRUCTUREûCOMPANY
!ûBOOKûOFûAROUNDûûLINESûWASûDOMINATEDû
by domestic, UK and Continental Europe
MONEY ûWITHûAûSKEWûTOûLONG
ONLYûACCOUNTS
The transaction is conditional on
SHAREHOLDERûAPPROVALûATûANû%'-ûONû!UGUSTû
The company plans to funnel the
accumulated funds into a project to
RElNANCEûITSûCREDITûFACILITY ûWITHûAûVIEWûTOû
MAKINGûFUTUREûACQUISITIONS
Davy and RBC WEREûJOINTûBOOKRUNNERS

ITALY

PRYSMIAN RUMP SNAPPED UP

)NVESTORSûSNAPPEDûUPûMûRIGHTSûINû
PRYSMIAN on Tuesday morning, representing
THEûRUMPûLEFTûOVERûFROMûITSûõMûRIGHTSû
ISSUE ûWHICHûCONCLUDEDûONû4HURSDAYû*ULYûû
WITHûûTAKE
UP

4HEûRIGHTSûWEREûSOLDûFORûõûEACHûANDû

ENTITLEûBUYERSûTOûPURCHASEûMûSHARESûONûAû



FOR

ûBASISûATûõûWHICHûWASûAûû

DISCOUNTûTOû4%20ûATûLAUNCH

The rump placing equates to an all-in

PURCHASEûPRICEûOFûõûPERûSHAREû3HARESû

CLOSEDûATûõûONû-ONDAYûANDûWEREû

TRADINGûATûõûONû4UESDAYûATûAROUNDû

PMûINû,ONDONû"UYERSûOFûTHEûRIGHTSûHADû

UNTILû*ULYûûTOûEXERCISEûTHEM

)NûTOTALûMûNEWûSHARESûINûTHEû)TALIANû

ENERGYûANDûTELECOMSûCABLESûlRMûWEREûSOLDû

TOûRESTOREûlREPOWERûFORûACQUISITIONSû

following the purchase of General Cable for

53BNûINû$ECEMBER

Banca IMI, Goldman Sachs and Mediobanca

WEREûJOINTûBOOKRUNNERSûONûTHEûDEAL

NIGERIA

LAFARGE AFRICA TARGETS N90bn

CAPITAL INCREASE

Cement producer LAFARGE AFRICA is planning

TOûRAISEû.BNû53M ûTOûREDUCEûDEBTû

THEûCOMPANYûTOLDûJOURNALISTSûONû4UESDAY

,AFARGESû#&/û"RUNOû"AYETûSAIDûONûAû

conference call that the company would

ISSUEûSHARESûTOTALLINGû.BNûTOûEXISTINGû

SHAREHOLDERSûBYûTHEûENDûOFûTHEûYEARû)Tû

FOLLOWSûAû.BNûRIGHTSûISSUEûATûTHEûENDû

OFûûTHATûCONCLUDEDûWITHûûTAKE

UPû

RAISINGû.BN

The announcement came alongside

SECOND

QUARTERûlNANCIALûRESULTSûWHICHû

SHOWEDûNETûLOSSESûTOTALLINGû.BNûINûTHEû

THREEûMONTHSûTOû*UNEûûVERSUSûAû.BNû

PROlTûRECORDEDûINûû4HEûSHARESûCLOSEDû

DOWNûûONûTHEûDAYûATû.

NORWAY

OPERA PRICES IPO AT TOP OF RANGE

Software developer OPERAûRAISEDû53Mû

THROUGHûAû.ASDAQû)0/ûWITHûSHARESûPRICEDûATû

THEûTOPûOFûITSû53nûINDICATIVEûPRICEû

RANGE

!ûTOTALûOFûMûPRIMARYû!MERICANû

depositary shares were sold, together with a

GREENSHOEûTOTALLINGûMûSHARES

4HEûSHARESûOPENEDûATû53ûANDûHADû

PUSHEDûUPûTOû53ûSHORTLYûBEFOREûPMû

INû,ONDON

Most of the early demand came from the

China leg of the roadshow, but US investors

eventually joined in after gaining comfort

WITHûTHEûCOMPANYSûEXPOSUREûONûTHEû

MARKET

#ONCURRENTLYûTOûTHEû)0/ûANDûSUBJECTûTOûITSû

COMPLETIONû/PERAûWILLûSELLûAûCOMBINEDû

53MûOFûSHARESûINûAûPRIVATEûPLACEMENTûTOû

bitcoin mining hardware manufacturer

"ITMAINûANDû)$'û#APITALû&UND)$'û#APITALû

)NVESTORSû4HEûFORMERûWILLûTAKEûUPû53Mû

ANDûTHEûLATTERû53M

CICC and CitigroupûAREûJOINTûBOOKRUNNERSû

FORûTHEûDEAL

Although based in Norway, web browser

/PERAûISûMAINLYûUSEDûINû#HINAûANDû"EIJING

based Kunlun Tech is its main investor,

OWNINGûû-ONTHLYûUSERSûOFûTHEûBROWSERû

REACHEDûMûINûTHEûlRSTûTHREEûMONTHSûOFû

ûOFûWHICHûMûWEREûSMARTPHONEû

ANDû0#ûUSERS

#APITALûRAISEDûINûTHEûmOTATIONûWILLûBEû

FUNNELLEDûINTOûTHEûCOMPANYSû!)ûRESEARCHû

ANDûDEVELOPMENTûACTIVITIES

SERBIA

FIRST BELGRADE IPO SINCE 1940

LAUNCHES

FINTEL ENERGIJA, the Serbian subsidiary of

)TALYSû&INTELû%NERGIAû'ROUPûHASûBEGUNûAû

3$BNû53M  û)0/ûONûTHEû"ELGRADEû

3TOCKû%XCHANGEûTHEûlRSTûLISTINGûINû"ELGRADEû

SINCEû

0RICINGûISûSETûATû3$ûPERûSHAREûWITHû

MûNEWûSHARESûOFFEREDûANDûAûMINIMUMû

SIZEûSETûATûMûSHARES

3UBSCRIPTIONûRUNSûFORûûDAYSûWITHû

TRADINGûDUEûTOûBEGINûINû.OVEMBER

M&V Investments and Komercijalna Bank are

RUNNINGûTHEûmOAT

Fintel closed its largest Serbian wind

PROJECTûTOûDATEûINû&EBRUARYûTHEûõMû

-7û+OSAVAûWINDûFARMû4HEûCOMPANYûISû

WORKINGûONûTHEûSECONDû-7ûPHASEû

PLANNINGûTOûRAISEûDEBTûlNANCEûANDûSTARTû

CONSTRUCTIONûATûTHEûBEGINNINGûOFû

SWITZERLAND

AC IMMUNE GREENSHOE BRINGS

FUNDRAISING TO US$99.9m

Swiss biotech AC IMMUNESûAT

MARKETûRIGHTSû

ISSUEûHASûGROWNûTOû53MûWITHûTHEû

EXERCISEûOFûTHEûM

SHAREûGREENSHOE

The fundraising, structured as a rights

ISSUEûBUTûINûEFFECTûANûACCELERATEDûBOOKBUILDû

INVOLVEDûMûSHARESûPLACEDûATû53ûONû

7EDNESDAYû*ULYû

!ûSECONDûRIGHTSûISSUEûWITHûAûWEEK

LONGû

subscription period, compared with 24

HOURSûFORûTHEûlRSTûINVOLVESûMûNEWûSHARESû

at the same price, with subscription having

begun on July 20 and running through to

PMûINû.EWû9ORKûONû*ULYû

Jefferies, Leerink Partners and UBS managed

the ABB, and Georgeson is information

AGENTûFORûTHEûSECONDûPARTûOFûTHEûRIGHTSûISSUEû

The total fundraising across both rights

ISSUESûISû53MûIFûFULLYûSUBSCRIBED

EMEA EQUITIES
BOOKRUNNERS: 1/1/2018 TO DATE
Managing No of Total Share
bank or group issues US$(m) (%)

1 Goldman Sachs 43 9,830.55 10.0
2 JP Morgan 37 8,681.56 8.8
3 Citigroup 34 6,069.69 6.2
4 Credit Suisse 23 4,798.58 4.9
5 Morgan Stanley 33 4,524.46 4.6
6 BAML 19 4,518.05 4.6
7 UBS 20 4,245.77 4.3
8 Deutsche Bank 27 3,909.33 4.0
9 Barclays 23 3,476.32 3.5
10 Berenberg Bank 30 2,642.92 2.7
Total 592 98,173.30
Including all domestic and international deals and rights issues
Source: Thomson Reuters SDC code: C4cr