Today, Cox is scheduled to announce its stock price. At the moment, it is still unclear in which part of the range the value of its securities will fall, but what has been announced is reducing the size of its OPS to 175 million. Previously, with the planned range (between 10.23 and 11.38 euros per share), the energy company hoped to raise more than 200 million euros.
The company indicated, through a supplement published to the CNMV, that it was modifying the size of its offer and Now the company will offer between 15.4 and 17.1 million common shares (with which gross income is expected to reach 175 million euros) and up to 2.4 million ordinary shares “representing up to 15% of the Shares Initially Offered, solely to cover over-allotments of Shares under the Offer, if applicable, and short positions resulting from stabilization operations, if applicable”, they explain. In the previous offer, the group would place between 19.5 and 17.6 million ordinary shares.
