Spain's Cox to raise up to $242 mln in IPO, valuing company at $1 bln
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 05 2024
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Source: Reuters
Cox's IPO Plans: Spanish utility company Cox aims to raise up to 222 million euros ($242 million) through an initial public offering (IPO) on the Madrid stock market, valuing the company at approximately $1.02 billion.
Share Pricing and Market Context: The company plans to offer between 17.57 million and 19.55 million shares priced between 10.23 euros and 11.38 euros each, with shares expected to be listed around November 14 amid a recovering European IPO market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
