Greek Market regulator gives green light to airport’s IPO

  • Athens International Airport’s IPO has been approved by the Greek Market regulator
  • The offering price range implies a market capitalization of EUR2.1 billion to EUR2.46 billion
  • The IPO range is between EUR7 and EUR8.20 a share
  • The size of the offering is 90 million offer shares
  • The final offer price and number of shares to be sold will be determined in the subscription period
  • Shares are expected to start trading on the Athens Stock Exchange around Feb. 7

Athens International Airport has received approval from the Greek Market regulator for its initial public offering (IPO). The offering price range suggests a market capitalization between EUR2.1 billion and EUR2.46 billion. The IPO range is set at EUR7 to EUR8.20 per share, with a total of 90 million offer shares. The final offer price and the exact number of shares to be sold will be determined during the subscription period. The company will not raise new capital or receive any proceeds from the offering. The subscription period is expected to end on Feb. 1, and shares are anticipated to begin trading on the Athens Stock Exchange around Feb. 7.

Public Companies: Athens International Airport (N/A)
Private Companies:
Key People: Anthony O. Goriainoff (N/A)

Factuality Level: 8
Justification: The article provides specific details about the approval of Athens International Airport’s initial public offering, including the offering price range, the size of the offering, and the subscription period. It also mentions that the company won’t raise new capital or receive any proceeds from the offering. However, the article lacks additional context or analysis, and it does not provide any sources or quotes to support the information presented.

Noise Level: 7
Justification: The article provides information about Athens International Airport’s initial public offering and the expected market capitalization. However, it lacks analysis, evidence, and actionable insights. It mainly focuses on the details of the offering and does not explore the long-term trends or consequences of the IPO.

Financial Relevance: Yes
Financial Markets Impacted: Greek Market, Athens Stock Exchange

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The news article pertains to the initial public offering (IPO) of Athens International Airport on the Greek Market. It provides information about the offering price range, market capitalization, and the timeline for the IPO. There is no mention of any extreme event or its impact.

Reported publicly: www.marketwatch.com