Gestamp Automoción floats for €870m after car parts IPO
Gestamp Automoción, the Spanish car parts maker, has completed the largest Spanish IPO of the year so far, having priced the deal at the bottom of its initial price range late on Wednesday.
JP Morgan, Morgan Stanley and UBS were global coordinators, Santander, Deutsche Bank and Société Générale bookrunners. Lazard advised the Riberas family, the selling shareholder.Having closed the books at 1pm on Wednesday, the leads priced the deal at €5.60 a share, the bottom of the revised range of ...
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