Existing investors to support Ophir IPO
Global co-ordinator and joint bookrunner Credit Suisse and joint bookrunners JP Morgan Cazenove and RBC Capital Markets launched the $375m London listing of oil and gas company Ophir Energy on Thursday, confident that the firm’s existing shareholders are willing to pick up further shares in the deal.
Some of Ophirs concentrated group of existing investors,
which includes Indian steel magnate Lakshmi Mittal (who owns 21% of Ophir),
alternative asset manager Och Ziff (13%), Polands Jan Kulczyk (13%), South
African politician Tokyo Sexwale (3.8%) and UK fund manager Artemis, have
indicated that they will participate in the offering.
The IPO will
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