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Digi Spanish Unit Shares Rise 7% in Debut After €287 Million IPO

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Deals Digi Spanish Unit Shares Rise 7% in Debut After €287 Million IPO Digi Spain Telecom SA shares opened higher their debut in Spain on Thursday, completing a rare initial public offering in the country. The Spanish unit of Romanian mobile carrier Digi Communications NV shares opened at €6, about 7% above the €5.60 per share price set in its IPO.

Deals Digi Spanish Unit Shares Rise 7% in Debut After €287 Million IPO Digi Spain Telecom SA shares opened higher their debut in Spain on Thursday, completing a rare initial public offering in the country. The Spanish unit of Romanian mobile carrier Digi Communications NV shares opened at €6, about 7% above the €5.60 per share price set in its IPO. Digi Spain raised about €150 million in the offering, while its parent company sold €137 million worth of shares. Digi Romania may raise a further €43 million if an overallotment option is exercised.
Digi Spanish Unit (ORG) Debut (LOCATION) IPO Digi Spain Telecom SA (ORG) Spain (LOCATION) Spanish (ORG) Romanian (ORG) Digi Communications NV (ORG) IPO (ORG) Digi Spain (PERSON) Digi Romania (LOCATION)
Originally published by Bloomberg Technology Read original →