Ignitis opens IPO books after EBRD agreement

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By Sam Kerr
21 Sep 2020

Ignitis Grupe, the state-owned Lithuanian energy and utility company, has opened books on its IPO on the Nasdaq Vilinus and London Stock Exchange. The company’s listing will benefit from a framework agreement signed with the European Bank for Reconstruction and Development, under which it will participate in the IPO.

The global coordinators are JP MorganMorgan StanleySwedbank in cooperation with Kepler Chevreaux and UBSBank of America is a bookrunner.

The deal will take the form of shares on the local exchange and Global Depositary Receipts (GDRs) in London. There will also be a retail tranche.

The company will ...

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