Stock Spirits to Be Valued at Maximum of $835 Million in IPO
Stock Spirits Group, the central European distiller owned by Oaktree Capital Management LLC (OAK), is selling shares in an initial public offering at 210 to 260 pence apiece, according to terms of the sale seen by Bloomberg News. (Bloomberg)
The price range implies a market capitalization of 420 million pounds ($675 million) to 520 million pounds, the terms show. The London sale closes on Oct. 21 and the stock will start trading the next day.
Stock Spirits, the largest vodka maker in Poland and Italy, comes to the market for a second time on the heels of a quarter where IPO volume in Europe rose about six-fold as the region’s economies strengthened and fears of a debt crisis eased, data compiled by Bloomberg show. Stock Spirits will seek about 52 million pounds through the sale, it said Sept. 26.
Read Full News at Bloomberg
