Spain’s Cox ABG Group SA is set to price its initial public offering at €10.23 per share, at the bottom of the expected range. The company has downsized the offering for a second time, now targeting €175 million ($186 million) in total.
Donald Trump's election victory has temporarily eased the path for new European stock sales, yet uncertainties regarding tariffs and policies pose risks for the region's future. Spanish utility Cox Abg Group SA and Croatian grocery chain Studenac Group SA are moving forward with initial public offerings, aiming to list before the year-end. Meanwhile, Goldman Sachs is marketing shares in CVC Capital Partners Plc following its inclusion in a global index.
Cox Abg Group SA is set to price its initial public offering in November, pending approval from the Spanish securities regulator. The listing prospectus is expected to be finalized by early November, with pricing likely occurring after the US presidential election results are announced.
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