Price Range and Initial Public Offering

initial public offering: State-owned Aena had earlier raised the price range on the initial public offering to between 53 and 58 euros 43 per share, from 43 to 55 euros previously, as the country s biggest privatisation since 1997 drew strong demand, according to Euro News. Initially 21 percent of the public offering had been earmarked for three core shareholders, Spain s Corporacion Financiera Alba, British fund TCI and Ferrovial FER .MC . They had offered to come in at a lower price, however, and the jump in valuation has made it increasingly likely they could be edged out of the listing and Reuters The stock market flotation of Spanish airport group Aena IPO-MC will value the company at 8.7 billion euros 6.47 billion , after the final price was set at 58 euros per share, according to media reports on Monday. The shares are due to start trading on Wednesday. The state is planning to sell 49 percent of the company in total. (news.financializer.com). As reported in the news.