Specialty chemical distributor Azelis said it would offer its share at €26.00 ($30.59) in its recently announced initial public offering (IPO). Market sources said the offering was oversubscribed at the top range of the estimated price. As a result, the offering period was closed on September 16, earlier than the initial schedule on September 21. The trading of Azelis shares on the Euronext Brussels exchange is expected to start on Friday. Based on the offer price, Azelis will have an implied market capitalization of €6.08 billion ($7.15 billion).
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Published on September 17, 2021 6:21 PM (GMT+8)Last Updated on September 17, 2021 6:21 PM (GMT+8)
