Sif Holding N.V. has announced that ABN AMRO and HSBC, acting as joint global coordinators, have partially exercised an over-allotment option included in the company’s initial public offering (IPO) on Euronext Amsterdam, which increased a free float to around 33% of the company’s shares.
ABN AMRO and HSBC have, on behalf of the underwriters, been granted an over-allotment option of up to an additional 10% of the total number of shares issued and transferred in the IPO by the GKSE Holding B.V., representing up to 800,000 shares.
The partial exercise included 447,010 of over-allotment shares which were sold at the offer price of EUR 14 and consisted of secondary shares only. The new shares transaction brought the Dutch foundation components manufacturer around EUR 6.26 million.
The total number of shares offered through the IPO now amounts to 8,447,010. Sif’s issued share capital consists of 25,501,356 ordinary shares. In total, the IPO brought Sif around EUR 118.26 million.