Spie, €1.033 billion Initial Public Offering, France


STJ acted as independent advisor to Spie, the leading independent European engineering company, and to its main shareholders Clayton, Dubilier & Rice, Ardian and CDPQ (Caisse de Dépôt et Placement du Québec) on the Company’s IPO on Euronext Paris, raising proceeds of €1.033bn leading to a market capitalisation of €2.5bn. The offering was priced at €16.50, at the top half of the IPO price range and the shares closed at €17.45 after first day of trading (+6%).
The Spie IPO is the largest IPO in France since October 2007.

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