Waberer’s €240m Budapest IPO offers big discount

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By John Loh
19 Jun 2017

Waberer’s International, the Hungarian haulage firm, launched a Huf73.7bn (€238m) IPO on the Budapest Stock Exchange on Monday, offering shares at a chunky discount to its US peers.

The deal will offer up to 11.7m shares at Huf5,100 to Huf6,300 a share, a banker said. This consists of 8.7m existing shares from Mid Europa Partners and 3.1m primary shares.

Bookrunners are Citigroup, Berenberg and Renaissance Securities, with Erste as a lead manager.

“We haven’t released any ...

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