RENK Group AG
RENK Group AG
Information on First Quotation
- Description:
- New Company (Regulated Market)
- Transparency Standard on First Quotation:
- Prime Standard
- Transaction Type:
- Private Placement
- Supersector:
- Industrials
- Sector:
- Industrial
- Subsector:
- Industrial Machinery
- Country:
- Germany
- Symbol:
- R3NK
- First Trading Day:
- 07 Feb 2024
- ISIN:
- DE000RENK730
- Class:
- Bearer shares without par value
- Offering Period:
- 05 Feb 2024 - 06 Feb 2024
- Issuing Method:
- Fixed Price Procedure
- Bookbuilding Range:
- -
- Subscription Price:
- € 15.00
- First Price:
- € 17.50
- Leading Underwriter:
- Citigroup; Goldman Sachs Bank Europe SE; Deutsche Bank, J.P. Morgan
- Underwriter:
Join Global Coordinators:
Citigroup, Goldman Sachs Bank Europe SE; Deutsche Bank, J.P. Morgan
Joint Bookrunners:
Commerzbank, Landesbank Baden-Württemberg, UniCredit Bank
Co-Lead Managers:
Crédit Agricole CIB, Mizuho, SEB- Placement Volume excl. Greenshoe:
- € 447,826,080.00
- Placement Volume in Shares excl. Greenshoe:
- 29,855,072
- Placement Volume incl. Greenshoe:
- € 499,999,995.00
- Placement Volume of Executed Greenshoe:
- € 52,173,915.00
- Placement Volume of New Shares:
- 0
- Placement Volume of Existing Shares:
- 33,333,333
- Greenshoe in Shares:
- 3,478,261
- Greenshoe Executed in Shares:
- 3,478,261
- Priority Allocation:
As part of the Offering, certain members of the Management Board and Supervisory Board as well as certain affiliates of the Selling Shareholder intend to purchase Offer Shares at the Offer Price and will receive a preferential allocation in connection with the Offering.
- Allocation friends & family:
- 0.00 %
- Capital Stock / Shares on First Quotation:
- 100,000,000
- Total Market Cap on First Quotation:
- € 1,750,000,000.00
- Market Cap (Free Float) on First Quotation:
- € 358,400,000.00
- Free Float on First Quotation:
- 20.48 %
- Change First Price compared to Issuing Price:
- 16.67 %
- Further Information:
- No public offering
- Selling Shareholder: Triton GP HoldCo S.à r.l.
Number of Shares in Lockup Period
| Months | Shares |
|---|---|
| 6 | 66,666,667 |
Shareholder Structure on First Quotation
| Name | Before IPO | After IPO |
|---|---|---|
| Triton GP HoldCo S.à r.l. | 100.00 % | 64.82 % |
| KNDS N.V. | 0.00 % | 6.70 % |
| Rebecca Management S.C.A. | 0.00 % | 4.70 % |
| Wellington Management Company LLP | 0.00 % | 3.30 % |
| Free float | 0.00 % | 20.48 % |