The offer will only close in a week, on November 13, but Rai Way's IPO is already covered. The book is complete, at least on the minimum price of the price range, 2,95 euros per share.
A positive result especially in the light of the flurry of quotations from Piazza Affari withdrawn in recent months (from Intercos to Fedrigoni, until Italyonline) due to “adverse market conditions”, or fear of an insufficient response from investors.
It remains to be seen whether the collection of orders in the next few days will be such as to further increase the placement price.
Rai Way, a joint stock company of the Rai group, owns the broadcasting network of the Rai radio and television signal and is responsible for the management and maintenance of the broadcasting systems.
30,51% of the shares of the company controlled by Viale Mazzini are on the market at a price between 2,95 euros and 3,50 euros, a share that could rise to 34,9% with the exercise of the greenshoe. 10% is reserved for retail with a share for employees.
