THEoffer of Nexi shares, started on 29 March and destined to close at the end of the week, is hedged at the average price of the initially indicated range of €8,50-10,35 and therefore in the €9,40-9,50 area.
Radiocor learned it from financial sources. The IPO of the payment systems company should continue throughout the week (the deadline is set for April 11) pending investment decisions by major institutional investors which could further push the price level.
After the first few days of the offer, an early closing of the book was assumed given the excellent trend in orders. At the average prices of the fork, Nexi would have a valuation in terms of enterprise value of approximately 7,6 billion euros and, in terms of equity value close to 6 billion.
Nexi's debut on the Stock Exchange is scheduled for April 16th. The estimated free float is around 40% of the capital. As part of the offer, Mercury UK grants a greenshoe option in favor of the joint global coordinators The option provides for the purchase, at the offer price, of a number of shares corresponding to 15% of those placed .
