Call centre operator Majorel's shares fall 6% in Amsterdam IPO
24/09/2021 09:56
AMSTERDAM, Sept 24 (Reuters) - Shares in Majorel Group
MAJ.AS , a Luxembourg-based operator of call centres, fell on
their first day of trading on the Euronext stock exchange in
Amsterdam, after a listing that valued the company at 3.3
billion euros ($3.9 billion).
Its co-owners, German publisher Bertelsmann BTGGg.F and
Moroccan partner Saham, sold 20% of its shares to institutional
investors in the offering at 33 euros, near the bottom of a
32-39 euro range proposed last week, raising around 660 million
euros.
The shares were down 6.1% at 31 euros as of 0846 GMT.
Majorel, headquartered in Luxembourg, employs 60,000 people
in 31 countries. It reported a first-half core profit of 154
million euros on revenue of 842 million. urn:newsml:reuters.com:*:nL8N2Q21QW
The placement was managed by JP Morgan, BNP Paribas and
Citi. urn:newsml:reuters.com:*:nL8N2QI30D
($1 = 0.8501 euros)
(Reporting by Toby Sterling; editing by Jason Neely)
((toby.sterling@thomsonreuters.com; +31 20 504 5002;))