FinecoBank gains €2.2.m from IPO

FinecoBank, UniCredit’s online bank, has completed its IPO with €2.243m capitalisation.

Investor demand overtook the offering price of €3.70 per share by 2.9 times, FinecoBank said.

The demand came for No. 609,079,891 Shares by 46,534 investors with an oversubscription, at the Offer Price of Euro 3.70 per Share, equal to 2.9 times the Global Offering

Trading of the ordinary shares expected to begin July 2, 2014

The joint global coordinators for the global offering to institutional investors were UBS Investment Bank and UniCredit Corporate & Investment Banking which, together with Mediobanca.

In addition, UniCredit Corporate & Investment Banking is acting as leading manager for the Italian public offering. Mediobanca is also acting as sponsor.



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