Avantium raises € 103 million in successful Initial Public Offering
Amsterdam, the Netherlands: 14 March 2017 – Avantium Holding B.V., a leading chemical technology company and forerunner in renewable chemistry, today announces the results of its initial public offering on Euronext Amsterdam and Euronext Brussels.
Avantium launched its IPO on Monday 6 March 2017 with an € 11.00 price per Offer Share, a base size of the Offering of € 90 million and an option for the Company to increase the number of New Offer Shares up to 15%.
On 10 March 2017 Avantium announced that it decided to exercise the Increase Option based on the strong development of the book building process since the start of the Offering on 6 March. The offering period ended on Monday 13 March at 17.30 CET. The Offering was multiple times oversubscribed with strong demand from both institutional and retail investors.
More info on Avantium’s website.