Cox Abg Group SA is getting ready for its IPO in Spain, which is expected to happen in November pending approval from the Spanish securities regulator.
It is reported that the company is finalizing its listing prospectus and aims to complete it by early November. Although the exact date for the formal book-building process has not been determined, it is believed that the IPO pricing will occur after the results of the upcoming US presidential election are announced. This timing is seen as a strategic move that could impact investor sentiment and market conditions surrounding the share sale.