More action in Amsterdam as London’s float market awaits referendum
The Amsterdam stock exchange today welcomed a new €740m (£564m)-valued addition.
Livestock feed company ForFarmers priced on the Netherlands Euronext on Tuesday, finishing the day with a share price of €6.95.
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While Europe’s flotation markets have experienced a slow start to the year, Amsterdam has been slightly more active than most. Philips Lighting is also poised to float on Euronext Amsterdam this month.
Experts believe London, meanwhile, Europe’s biggest market for initial public offerings (IPOs), has suffered as a result of the looming EU referendum and uncertainty it has caused.
And Vivienne Maclachlan, PwC’s director of capital markets, accounting advisory and structuring, has told Morning Wire she expects London to be “neck-and-neck” with Amsterdam in the first half of this year.
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Yoram Knoop, chief executive of ForFarmers, said: “This is a historic day for ForFarmers. A public stock exchange listing is a logical step in the development of ForFarmers and we are proud to have been given the mandate by the members of Cooperatie FromFarmers as well as the other shareholders."
“This would not have been possible without the great efforts and commitments of all our stakeholders. We will continue to communicate in a transparent way about the implementation of our Horizon 2020 strategy.”