Ziggo said that is had successfully finalised its IPO process with total gross proceeds of €925 million and the greenshoe option fully exercised.
The joint bookrunners ) Deutsche Bank, J.P. Morgan, Morgan Stanley and UBS) on behalf of the underwriting banks have today fully exercised the over-allotment option.
The over-allotment shareholders, which include affiliates of Cinven and Warburg Pincus, had granted the underwriting banks the option to acquire up to 6,521,740 ordinary shares at the offer price of €18.50 in addition to the 43,478,260 ordinary shares of the base transaction.
With the full exercising of the over-allotment option, the free float of Ziggo N.V. amounts to 50 million shares (including the over-allotment shares). This corresponds to a free float of 25 percent of the issued share capital of 200 million shares.
