Alter Ego Media IPO soars with €650 million raised in oversubscribed offering

10:26 24/1/2025 - Πηγή: iEfimerida

Alter Ego Media's initial public offering has generated massive investor enthusiasm, raising approximately €650 million and exceeding expectations by a significant margin.

The offering, tied to the media group owned by shipping magnate Vangelis Marinakis, was oversubscribed by 12 times,

marking the largest oversubscription in 15 years, according to market sources.

The overwhelming demand, which included at least 10,000 applications from private investors, highlights strong confidence in Alter Ego Media's growth prospects and attractive valuation. New investors are expected to receive dividends as early as 2024, with projected distributions reaching 30% of net profits.

Proceeds from the offering will primarily fuel acquisitions and investments in other companies, as well as upgrades to the group's infrastructure, new content production, and the acquisition of intellectual property rights.

The new shares will begin trading on the Athens Exchange on Monday, January 27th.

Mr. Marinakis will retain a 75% stake in Alter Ego Media, with the remaining 25% allocated to minority shareholders.

Διαβάστε περισσότερα στο iefimerida.gr

Διαβάστε ολόκληρο το άρθρο >>
Keywords
alter, ego, media, ipo, ego, ipo, media, public, group, vangelis, times, market, net, fuel, acquisitions, acquisition, property, begin, athens, exchange, iefimerida, iefimerida, net, public, times, athens, acquisition, group, begin, exchange, acquisitions, fuel, market, property, vangelis
Τυχαία Θέματα
fxcm, μαρια τσουρη, pirates of the caribbean
iNews > Ειδήσεις > iEfimerida
Alter Ego Media IPO,€650