Energean sells £330m IPO to club as investors balk at project timing

Energean, the Mediterranean-focused oil and gas exploration company, has managed to successfully price its IPO on the London Stock Exchange after restructuring the deal as a club sale to four investors.

  • By Aidan Gregory
  • 16 Mar 2018

The IPO has been priced at 455p, well below the initial 500p to 590p range at the start of the bookbuild, valuing Energean at £695m. It will issue 72.6m new shares, a small decrease from the original intention, and there is no longer a greenshoe.  

Energean will ...

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