It is now official: Parts Holding Europe took its first steps on the regulated market of Euronext in Paris on May 25, 2021, with a price set between 16 and 20 euros per share. Either a “ market capitalization of around 1.1 billion euros calculated from the midpoint of the range ,” said the group in a press release.

The offer will include a maximum of 28.125 million new ordinary shares, representing a capital increase of approximately 450 million euros. The share of free-float capital will represent between 45% and a little over 50% depending on the exercise of the over-allotment. The subscription period for the public offering begins on May 25 and must end on June 1 at 5 p.m. (3 p.m. GMT), and on June 2 at 1 p.m. (11 a.m. GMT) for the global placement, mainly dedicated to institutional investors.

Remember that this IPO should allow PHE to improve its “ financial flexibility to seize the opportunities offered by a structurally growing market ”. The group, which achieved a turnover of 1.8 billion euros in 2020, aims at a target of 1.85 to 1.95 billion euros in 2021. For 2022, the target is set between 2, 05 and 2.15 billion euros.

J2R 25.05.2021

Parts Holding Europe lance son introduction en Bourse