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EL - EssilorLuxottica SA News Story

€159.16 5.2  3.4%

Last Trade - 30/07/21

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £57.36bn
Enterprise Value £60.37bn
Revenue £12.28bn
Position in Universe 18th / 841

Mister Spex listing price range points to $1 bln euro Frankfurt IPO

Tue 22nd June, 2021 8:30am
BERLIN, June 22 (Reuters) - German online spectacles
retailer Mister Spex on Tuesday set a price range of 23 to 27
euros per share for its stock market listing, putting a
prospective value on the business of up to 895 million euros
($1.07 billion).
    The Berlin-based start-up intends to raise between 225
million and 264 million euros in its flotation, and will use the
funds to ramp up its growth strategy, expand internationally and
repay a bridge loan facility. 
    Including stock offered by its owners, 15 million shares are
on offer at a valuation of up to 405 million euros, assuming an
over-allotment option is fully exercised. 
    Spectacles maker EssilorLuxottica  ESLX.PA  has agreed to
buy shares worth 50 million euros as a so-called cornerstone
investor, while investment firms Janus Henderson and M&G
Investments are buying shares worth 30 million each.
    Mister Spex is owned by co-founders Dirk Graber and Mirko
Casper, along with investors including Goldman Sachs  GS.N , DN
Capital, Scottish Equity Partners and XAnge.
    The bookbuilding is expected to end on June 30, with July 2
the first day of trading on the Frankfurt Stock Exchange.
    Berenberg, Barclays  BARC.L  and Jefferies  JEF.N  are
acting as joint coordinators and joint bookrunners on the deal,
with Bryan Garnier and Commerzbank also acting as bookrunners
and Quirin Privatbank as co-lead manager.
    ($1 = 0.8403 euros)

 (Reporting by Arno Schuetze; Writing by Caroline Copley;
Editing by Jan Harvey)
 ((Caroline.Copley@thomsonreuters.com; +49 (0)30 2201 33584 ;))
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