{"id":730,"date":"2018-04-01T16:54:13","date_gmt":"2018-04-01T14:54:13","guid":{"rendered":"http:\/\/axeco.0to9.io\/?p=730"},"modified":"2022-03-14T16:23:22","modified_gmt":"2022-03-14T15:23:22","slug":"offer-nibc-ipo-priced","status":"publish","type":"post","link":"https:\/\/axeco.0to9.io\/nl\/offer-nibc-ipo-priced\/","title":{"rendered":"Offer NIBC IPO priced at EUR 8.75 per share"},"content":{"rendered":"<p><em><strong>NIBC announces that the ordinary shares in the IPO on Euronext Amsterdam have been priced at EUR 8.75. The offering will give the company financial and strategic flexibility to continue to support growth and shareholder returns.<\/strong><\/em><\/p>\n<p><em><strong>Axeco Corporate Finance is pleased to have advised the board of NIBC<\/strong><\/em><\/p>\n<p>NIBC Holding N.V. (the \u201cCompany\u201d and together with its subsidiaries \u201cNIBC\u201d), an entrepreneurial Dutch bank focused on its clients\u2019 most decisive financial moments, announces that the ordinary shares in NIBC (the \u201cShares\u201d) offered by a number of entities advised by J.C. Flowers &amp; Co. (the \u201cSelling Shareholders\u201d) in the initial public offering on Euronext Amsterdam (the \u201cIPO\u201d or the \u201cOffering\u201d) have been priced at EUR 8.75 per Share (the \u201cOffer Price\u201d). Listing of and first trading in the Shares on an \u201cas-if-and-when-delivered\u201d basis on Euronext Amsterdam will commence on Friday 23 March 2018.<\/p>\n<p><strong>Statement of the CEO, Paulus de Wilt: <\/strong><\/p>\n<p><em>\u201cWith the listing of NIBC on Euronext Amsterdam, we now celebrate our own decisive moment. Despite heightened market volatility in recent days, we were glad to see strong investor interest. We have seen great appetite from Dutch and international institutional investors, combined with an exceptionally strong retail demand. We believe our position of being a focused bank with a differentiated approach is well appreciated. We have been able to sustainably generate capital to support growth and shareholder returns. Being a public company will give us the financial and strategic flexibility to continue this successful strategy in the future. We look forward to the opportunities and benefits of being a listed company and welcome our new shareholders and thank them for their trust in NIBC.\u201d<\/em><\/p>\n<p><strong>Highlights<\/strong><\/p>\n<ul>\n<li>The Offer Price has been set at EUR 8.75, implying a market capitalisation of EUR 1,280 million for NIBC.<\/li>\n<li>The number of Shares sold is 36,577,203 (the \u201cOffer Shares\u201d), representing approximately 25% of NIBC\u2019s issued share capital prior to the exercise of the Over-Allotment Option (as defined below). If the Over-Allotment Option is exercised in full, the total number of Shares will increase to 39,302,204 \u2013 representing up to approximately 27% of the Shares.<\/li>\n<li>The total size of the Offering amounts to EUR 320 million, or approximately EUR 344 million if the Over-Allotment Option is exercised in full.<\/li>\n<li>Listing of and first trading in the Shares on an \u201cas-if-and-when-delivered\u201d basis on Euronext Amsterdam under the symbol \u201cNIBC\u201d will commence on Friday 23 March 2018.<\/li>\n<li>Delivery of and payment for the Offer Shares and the start of unconditional trading in the Shares are expected to take place on Tuesday 27 March 2018 (the \u201cSettlement Date\u201d).<\/li>\n<\/ul>\n<p><strong>Further details on the Offering <\/strong><\/p>\n<p>The Selling Shareholders have granted the Joint Global Coordinators, on behalf of the underwriters (defined below), as part of the Offering, an Over-Allotment Option of up to 2,725,001 additional shares (the \u201cAdditional Shares\u201d). The Over-Allotment Option can be exercised to cover short positions resulting from any over-allotments made, in connection with the Offering or stabilisation transactions, if any. The Over-Allotment Option can be exercised within 30 calendar days after the first trading date. The Offer Shares, including the Additional Shares, will amount to 39,302,204 Shares, and represent approximately 27% of the total number of Shares. The Selling Shareholders will hold approximately 74% of the Shares (or approximately 72% if the Over-Allotment Option is exercised in full). The Shares held by the Selling Shareholder will be subject to a lock-up period of 180 days after the Settlement Date, subject to certain customary exceptions and waiver by the joint global coordinators. The Company has also agreed to a lock-up period of 180 days after the Settlement Date, subject to certain customary exceptions and waiver by the joint global coordinators.<\/p>\n<p><strong>About NIBC<\/strong><\/p>\n<p>NIBC is the bank of choice for decisive moments. Their corporate client business offers a combination of corporate finance and capital markets, financing and investing in the sectors Food, Agriculture, Retail &amp; Health, Industries &amp; Manufacturing, Infrastructure &amp; Renewables, Commercial Real Estate, Offshore Energy, Shipping &amp; Intermodal and Telecom, Media, Technology &amp; Services. Their retail client offering provides residential mortgages in the Netherlands and online retail saving deposits in the Netherlands, Belgium and Germany via NIBC Direct. Headquartered in The Hague, NIBC also has offices in Frankfurt, Amsterdam, London and Brussels.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NIBC announces that the ordinary shares in the IPO on Euronext Amsterdam have been priced at EUR 8.75. The offering will give the company financial and strategic flexibility to continue to support growth and shareholder returns. Axeco Corporate Finance is pleased to have advised the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":564,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[18,5],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Offer NIBC IPO priced at EUR 8.75 per share - AXECO Corporate Finance<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"nl_NL\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Offer NIBC IPO priced at EUR 8.75 per share - AXECO Corporate Finance\" \/>\n<meta property=\"og:description\" content=\"NIBC announces that the ordinary shares in the IPO on Euronext Amsterdam have been priced at EUR 8.75. 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