Investors looking at the multi-billion euro listing of Italian payments company Nexi are largely comfortable with the country’s political environment, focusing more on whether its private equity sellers will seek too high a price.
Nexi will raise between €600m and €700m in primary capital through selling newly created shares. Its owners, private equity firms Advent, Bain Capital and Clessidra, will also sell shares.Bank of America
, Credit Suisse
, Goldman Sachs
and Mediobanca are the global co-ordinators on the IPO. Banca Akros, Barclays