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Pirelli’s IPO could be the largest in EMEA this year

Pirelli, the Italian tyre maker, has revealed the price range for its IPO in Milan, which could surpass the €3bn flotation of Allied Irish Banks in June as the biggest IPO in Europe this year - if the deal is priced near the top of the range and the greenshoe is exercised.

  • By Aidan Gregory
  • 15 Sep 2017

The deal consists of 350m existing shares, a 35% stake, plus a greenshoe of 50m shares.

Marco Polo International Italy, a vehicle 65% owned by China National Chemical Corp (ChemChina), is the selling shareholder. There is a retail offer in Italy for 10% of the base deal. ...

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Bond Comments

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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For detailed analysis: Dealogic
  • Last updated
  • Today
1 Citi 186,867.44 727 7.96%
2 JPMorgan 179,438.72 796 7.64%
3 Bank of America Merrill Lynch 171,981.94 568 7.33%
4 Barclays 149,114.94 517 6.35%
5 HSBC 131,579.74 600 5.60%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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For detailed analysis: Dealogic
  • Last updated
  • Today
1 JPMorgan 28,912.55 42 8.28%
2 BNP Paribas 23,481.31 80 6.72%
3 Citi 19,694.20 52 5.64%
4 SG Corporate & Investment Banking 18,198.32 63 5.21%
5 Credit Agricole CIB 18,085.88 74 5.18%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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For detailed analysis: Dealogic
  • Last updated
  • Today
1 Goldman Sachs 8,528.32 38 9.20%
2 JPMorgan 8,142.46 34 8.79%
3 Citi 7,179.38 39 7.75%
4 UBS 5,926.29 19 6.40%
5 Deutsche Bank 4,787.10 31 5.17%