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GFG - Global Fashion SA News Story

€5.84 0.2  3.0%

Last Trade - 11:04am

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £903.4m
Enterprise Value £746.6m
Revenue £1.21bn
Position in Universe 372nd / 1038

Global Fashion Group IPO books covered -bookrunner

Fri 28th June, 2019 3:00pm
FRANKFURT, June 28 (Reuters) - Global Fashion Group (GFG)
has received orders for all shares on offer in its initial
public offering, one of the bookrunners said, after the company
sweetened the terms on Wednesday to salvage the deal.
    Books were covered on the base deal size, the bookrunner
said. 
    IPOs books generally need to be covered at least twice for
any listing to be successful, investment bankers say.

 (Reporting by Arno Schuetze, editing by Thomas Escritt)
 ((arno.schuetze@thomsonreuters.com; +49.69.7565.1197; Reuters
Messaging: arno.schuetze.reuters.com@reuters.net))
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