RENK Group AG

RENK Group AG

Information on First Quotation

Description:
New Company (Regulated Market)
Transparency Standard on First Quotation:
Prime Standard
Transaction Type:
Private Placement
Supersector:
Industrials
Sector:
Industrial
Subsector:
Industrial Machinery
Country:
Germany
Symbol:
R3NK
First Trading Day:
07 Feb 2024
ISIN:
DE000RENK730
Class:
Bearer shares without par value
Offering Period:
05 Feb 2024 - 06 Feb 2024
Issuing Method:
Fixed Price Procedure
Bookbuilding Range:
-
Subscription Price:
€ 15.00
First Price:
€ 17.50
Leading Underwriter:
Citigroup; Goldman Sachs Bank Europe SE; Deutsche Bank, J.P. Morgan
Underwriter:

Join Global Coordinators:
Citigroup, Goldman Sachs Bank Europe SE; Deutsche Bank, J.P. Morgan

Joint Bookrunners:
Commerzbank, Landesbank Baden-Württemberg, UniCredit Bank

Co-Lead Managers:
Crédit Agricole CIB, Mizuho, SEB

Placement Volume excl. Greenshoe:
€ 447,826,080.00
Placement Volume in Shares excl. Greenshoe:
29,855,072
Placement Volume incl. Greenshoe:
€ 499,999,995.00
Placement Volume of Executed Greenshoe:
€ 52,173,915.00
Placement Volume of New Shares:
0
Placement Volume of Existing Shares:
33,333,333
Greenshoe in Shares:
3,478,261
Greenshoe Executed in Shares:
3,478,261
Priority Allocation:

As part of the Offering, certain members of the Management Board and Supervisory Board as well as certain affiliates of the Selling Shareholder intend to purchase Offer Shares at the Offer Price and will receive a preferential allocation in connection with the Offering.

Allocation friends & family:
0.00 %
Capital Stock / Shares on First Quotation:
100,000,000
Total Market Cap on First Quotation:
€ 1,750,000,000.00
Market Cap (Free Float) on First Quotation:
€ 358,400,000.00
Free Float on First Quotation:
20.48 %
Change First Price compared to Issuing Price:
16.67 %
Further Information:

- No public offering
- Selling Shareholder: Triton GP HoldCo S.à r.l.

Number of Shares in Lockup Period

MonthsShares
666,666,667

Shareholder Structure on First Quotation

NameBefore IPOAfter IPO
Triton GP HoldCo S.à r.l.100.00 %64.82 %
KNDS N.V.0.00 %6.70 %
Rebecca Management S.C.A.0.00 %4.70 %
Wellington Management Company LLP0.00 %3.30 %
Free float0.00 %20.48 %

Company Data

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