Athens International Airport has announced that the final offer price for its initial public offering (IPO) has been set at €8.20 ($8.91) per share. This price falls at the top end of the company’s guidance range, signaling strong demand for its shares.
The bookbuilding process has concluded, and the airport will issue a total of 90 million shares. This issuance implies a market capitalization of €2.46 billion. Athens International Airport has received significant interest from both global and Greek investors. The total demand for shares at the final offer price indicates an oversubscription level of approximately 12 times for the entire offering.
As part of its investment agreement, AviAlliance, the airport management company, will pay a premium of €9.758 per share. This demonstrates their commitment to the growth and success of the airport.
Previously, on January 25, Athens International Airport stated that the IPO price range would be between €7 and €8.20 per share.
Overall, the success of this IPO reflects the confidence of investors in the potential and value of Athens International Airport.