Glennstars IPO Netherlands Holland: Finance Trading Times

Glennstars IPO Netherlands Holland

A new IPO is set to hit the Dutch markets very soon. The IPO or initial public offering belongs to Glennstars Limited.
Glennstars IPO Netherlands Holland
What is the expected size of Glennstars IPO from Netherlands?
The Glennstars IPO from Netherlands expects to raise around 150 million Euros.

How many shares will be offered for sale through the Glennstars IPO?
A total of 15 million shares will be offered for sale through the Dutch Glennstars IPO Holland. An over-allotment option is given to the managers of the issue to buy an additional 2.25 million shares and it could increase the amount of shares that it offered for sale or cancel the IPO.

What is the price of the Glennstars IPO shares?
Each share of Glennstars IPO is priced at Euro 10 per share.

What are the opening dates of the Glennstars IPO Netherlands?
The Glennstars IPO will remain open from June 11 and June 26. The listing of shares will take place on June 27, 2008 at the AEX or Amsterdam Stock Exchange.

Where will the proceeds be used from Glennstars IPO Netherlands?
Glennstars did not say what its activities were but other companies located on the Channel Islands that listed recently on the Amsterdam exchange are investment funds, like Guernsey-based Lehman Brothers Private Equity Partners Ltd and HarbourVest Global Private Equity Ltd.
Friedman Billings Ramsey is the global manager and bookrunner for the IPO, Fox-Pitt, Kelton the co-manager, and ABN AMRO Bank N.V. and Friedman, Billings, Ramsey International, Ltd are co-listing agents.

Sultan Mining's IPO follows that of San Miguel Brewery Inc., a unit of food and drinks group San Miguel Corp.
SMBI's offering in late April raised around 6 billion pesos, or just a quarter of the amount originally targeted, after the company decided to cut the offer size to just 5.0 percent of its outstanding stock amid weak market sentiment. The shares were sold at 8 pesos each, the low end of the indicative range.
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