Imaginarium reduces his starting price to bag

Imaginarium, the Spanish multinational specializing in the sale of toys and products for the infancy, stumbles at least of 24 hours for his début on the Stock-exchange Alternative Market (MAB). It will do it at a price below due incialmente and without the OPV (old actions) of one of his shareholders, Caja de ahorros de la Inmaculada. It will only sell in bag those of new emission, cutting this way the free float away and preventing from being too many qualifications in sale.

This will be the second exit to bag on the Stock-exchange Alternative Market. The first one was that of Zinkia, producer of famous cartoon Pocoyó. Then, the company at that José Maria Castillejo presides also turned out to be forced to reduce the price for his stock-exchange début and to limit the offer to the actions proceeding from the increase in capital, suppressing the OPV that it was affecting to the qualifications in hands of the associates of the producer. Nevertheless and despite the initial doubts, Pocoyó shot 27 % in his début.

Definitely, the price will be 4,31 euros for action, below the pitchfork foreseen in the informative document of the laying, understood between 4,94 and 5,79 euros by action, as he informed today the company. With this price, the company will have a value for 61,02 million euros, opposite to the status of between 69,95 and 81,98 million due euros initially. Bearing in mind that the nominal value of the qualifications of Imaginarium is 0,03 euros, the definitive price implies a premium of emission for 4,28 euros for action.

Of the same way, due to the market conditions, the company, the Savings bank of the Blessed Virgin Managerial Development, Society of Risk capital of Diet Simplified (I FELL DOWN SCR) and Banesto Bolsa, entity colessor, has decided to exclude from the sale offer the actions initially offered by CAI.

This way, the entire size of the offer remains established in 2,85 million actions, of which 450.000 are proper qualifications of the society and 2,4 million actions of new emission, representative jointly of 16,36 % of the share capital of Imaginarium after the subscription offer. Thus colessor suppresses the call option green shoe granted by CAI SCR in favor of the entity.

Image CC of Moranga

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