Posted on: 25 February 2015 by Mark Howells
Wizz Air has announced the successful pricing of its initial public offering at 1150p per ordinary share, with conditional dealings now under way on the London Stock Exchange under the ticker "WIZZ".
Based on the offer price, the listed market capitalisation of the company at admission was £601 million (€818 million), based on Ordinary Shares only.
Based on the offer price, the fully diluted equity value of the company at admission will be £1,456 million (€1,983 million), based on the fully diluted share capital. The size of the offering was £257 million (€350 million) net of expenses.
Admission to the premium listing segment of the Official List and to trading on the main market for listed securities of the London Stock Exchange, and the start of unconditional dealings are expected to take place on 2 March 2015.