Bpost misses out on summer aftermarket success

The stabilisation period following the IPO of Bpost came to end last Friday (July 19) with less than half of the greenshoe exercised after a difficult first month of trading amid volatile markets. The shares are now just below the offer price, making the firm an unfortunate outlier among a run of successful IPOs in the first half of 2013, with all the other new deals to have priced since May trading up.

  • By Dariush Hessami
  • 26 Jul 2013

Stabilisation manager JP Morgan exercised the greenshoe option over 3.8m of a possible 8.4m Bpost shares at the €14.50 offer price. The greenshoe, provided by seller CVC Capital Partners, took the total deal size to €866m. 

The shares have traded in range of 1.7% below offer to 0.3% ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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2 Barclays 31,588.47 86 7.85%
3 JPMorgan 27,799.55 107 6.91%
4 Bank of America Merrill Lynch 27,706.86 75 6.88%
5 HSBC 21,949.38 82 5.45%

Bookrunners of All Syndicated Loans EMEA

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1 Commerzbank Group 114.00 1 66.16%
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3 BNP Paribas 10.62 1 6.17%
Subtotal 172.30 3 100.00%

Bookrunners of all EMEA ECM Issuance

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  • 17 Jan 2017
1 SG Corporate & Investment Banking 770.06 2 16.80%
2 Goldman Sachs 656.16 2 14.32%
3 JPMorgan 527.28 4 11.50%
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5 Deutsche Bank 321.53 3 7.01%