What were key elements of its IPO and why did Campari go public?
Once the offer was completed, a total of 12,705,000 existing shares were allocated, plus a greenshoe allotment of 1,524,600 shares. The offer was over-subscribed over three times and the final allocation was as follows: – 2,335,900 shares to private investors in Italy as part of the Italian retail offer; – 11,893,700 shares to institutional investors in Italy and abroad, as part of institutional distribution. The issue price was Euro 31 per share. Deutsche Bank and UBS Warburg were joint global coordinators and joint bookrunners. IntesaBci was sponsor and lead manager of the Italian retail offer. Campari decided to go public because of the opportunities offered to the Group by the financial market in terms of availability of resources to finance the new acquisitions; at the same time, the listing gives the group greater visibility, transparency and the means to provide incentives for company management. The IPO also allowed two of the company’s minority shareholders to realise their in
