Tele Columbus shares priced at €10

Tele Columbus has set the offer price for shares for its IPO at €10 per share . The offer price is therefore at the mid-point of the price range from €8 to €12 per share. The offering was well oversubscribed at the offer price.

A total of 51,022,500 shares will be placed, comprising 33.3 million new shares resulting from a capital increase, 14.4 million existing shares being sold by Tele Columbus Management – a holding company which is indirectly held by the ultimate shareholders of Tele Columbus – and additional 3.3 million existing shares borrowed by the Underwriters from Tele Columbus Management to cover the over-allotment.

26 million shares will be allocated to pre-IPO shareholders who have placed orders for preferential allocation.

“We are delighted with the strong demand for the Tele Columbus shares and are looking forward to the first trading day”, says Ronny Verhelst, CEO of Tele Columbus. “The response from investors has been very positive and confirms the attractiveness of our business model. The access to the capital market going forward increases the Company’s financial flexibility to significantly strengthen our market position.”

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