Sif Holding N.V., a Dutch manufacturer of foundation components for offshore wind and offshore oil & gas markets, intends to proceed with the Initial Public Offering (IPO) and listing of its ordinary shares on Euronext Amsterdam.
The intended IPO will consist of a secondary offering only, of at least 35% of the company’s shares. The shares will be offered by GKSE Holding B.V., Sif’s sole shareholder.
The offering would comprise a public offering in the Netherlands to institutional and retail investors and a private placement to certain qualified institutional investors internationally. The IPO, listing and timing are, among others, subject to market conditions, Sif said.
Sif believes the offering is a logical next step in its development, and that the timing of the offering is appropriate, given Sif’s current profile and level of maturity.
The IPO is also expected to provide Sif with additional financial flexibility and diversity through access to capital markets to support further growth.