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Gima TT IPO, demand immediately doubles supply

The offer of the company specializing in packaging machines for tobacco-derived products started today and will end on September 28th.

Gima TT IPO, demand immediately doubles supply

The IPO of Gima TT, Ima group, has already received a request equal to twice the entire amount offered. This was reported by a source close to the situation without however giving indications on what price level the demand is focusing on. 

The offer of the company specializing in packaging machines for tobacco-derived products started today and will end on September 28th. The placement is aimed exclusively at institutional investors and provides for the sale of shares by the two main shareholders: in detail, Maestrale Investimenti will cancel its 28,6% stake, while Ima will sell a stake of up to around 10% (in the case of a full exercise of the greenshoe). The indicative range of the price is 9,6-12,5 euros.

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