-Jost Werke: Plummets after share placement at discount

Jost Werke SE

26/06/2019 10:44

** Shares in Jost Werke  JSTG.DE  drop 8.5% after
bookrunners place about 1.5 mln secondary shares  urn:newsml:reuters.com:*:nFWN23W0MO
    ** A trader says pre-IPO mezzanine shareholders, Bain
Capital and Black Diamond Capital, sold remaining 10.3% stake in
an accelerated bookbuilding run by Commerzbank and JPMorgan
    ** The price was set at EUR 31/share, at a discount of 7.9%
to closing price of EUR 33.65 on Tuesday  urn:newsml:reuters.com:*:nFWN23X03W
    ** Placement might first weigh but overhang issue is solved
after this, the trader adds
    ** Shares are on track for their worst day ever

 ((Linda.pasquini@tr.com;))