‘Unique’ DNEG pitches growth as IPO hits the US
The IPO of DNEG, the UK-based motion picture visual effects company, is being well received among investors, following the launch of book-building last week. While banks are yet to send a covered message they are confident in the transaction and are meeting US investors this week.
JP Morgan is sole global coordinator on the transaction. BNP Paribas, Deutsche Bank, Numis and Santander are bookrunners.
DNEG is selling primary and secondary shares in its IPO. The initial range is £2.40 to £3.30 a share.
It will raise £110m through a sale of primary shares, which will ...Please take a trial or subscribe to access this content.
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