AlwaysFree: Azelis Sets Final Offer Price Of IPO At €26 Per Share

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).