Segafredo, the first Italian coffee to go public and flagship brand of the Massimo Zanetti Beverage Group, will make its debut in Piazza Affari on Wednesday 3 June with a value of 11,6 euros per share, equal to an initial capitalization of around 400 million euros.
The IPO convinced both institutional investors (demand equal to one and a half times the offer) and the retail public with a demand equal to around 3 times the offer.
Institutional underwriters are expected to include both BlackRock and George Soros funds. Italian funds will represent around a quarter of institutional funds. Among the new partners also Amundi, Lazard and Natixis.
Retail will have a higher share than initially expected and will reach a quarter of all shares placed on the market.
The listing on the Stock Exchange is articulated in an operation partly for the sale and partly for the subscription of shares with a capital increase of 73 million which will mainly go towards repaying the debt stipulated last year for the purchase of Boncafè.
