The biggest IPO in Greece in nearly 25 years – a 30%-stake of the Athens International Airport (AIA) – has attracted unprecedented interest by foreign and domestic investors for an ATHEX-listed company.
According to available information in the early afternoon, offers for the 90 million AIA shares will reach between seven and eight billion euros, with the market sources saying the price per share will reach the maximum envisioned rate of 8.20 euros.
Final results are expected later in the evening, with the bookbuilding process completed in the afternoon on Thursday.
By all estimates, the share of the Eleftherios Venizelos AIA will immediately be traded as a “blue chip” on ATHEX’s “big board”.
The major public offering comes after the listing of Optima Bank on the Athens Stock Exchange (ATHEX) and the successful placement of systemic banks National Bank of Greece (NBG) and Alpha Bank. Another place by Piraeus Bank, the third of four systemic banks in the country, is expected in March 2024.
Source: tovima.com
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