ARTICLE | Financial News

Movetis planning IPO

November 21, 2009 1:31 AM UTC

Movetis N.V. (Turnhout, Belgium) said it plans to raise up to EUR 97.8 million ($146.3 million) through the sale of shares at EUR 11.25-EUR 14.25 in an IPO on Euronext Brussels. A EUR 12.75 price would value the company at EUR 264.2 million ($395.5 million). The offer is expected to close on Dec. 2, with the first day of trading slated for Dec. 4. Credit Suisse and KBC are joint global coordinators and joint bookrunners, and Piper Jaffray is co-manager. ...