AZ grows to $700m

26 Oct 2010

AZ Electronic Materials increased the size of its London IPO on Wednesday, adding $200m of secondary shares to the original $400m primary and $100m secondary offer.

The bookrunners went out with a message that the books are multiple times covered at the middle of the price range for the full deal size. It now consists of $400m of primary shares, $210m of secondary shares and a $90m secondary share greenshoe. Books close on Thursday ...

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