TSK shares rise on market debut

Cirsa Enterprises SAU

13/05/2026 11:23

** Shares in Spanish engineering and technology company TSK TSK.MC gain about 4.5% on market debut at 5.28 euros

** On Monday, TSK priced its 150 million euro ($176.03 million) initial public offering at 5.05 euros a share, at the top of the offering price range, on strong demand from investors

** The pricing implies a market capitalization of around 605 million euros in case the over-allotment option

** It is the first IPO in Spain since Cirsa's CIRSA.MC market debut in July 2025, amid the market's predominantly wait-and-see mood amid concerns about the economic impact of the conflict in the Middle East

** Madrid's General index .SMSI was down 0.12%

($1 = 0.8522 euros)

 (Reporting by Joao Manuel Mauricio)

 ((JoaoManuel.VicenteMauricio@thomsonreuters.com))