Rexel IPO was scheduled to open in April 2007. This Initial Public Offering of Rexel aimed at raising near about 1.015 billion Euro. The company fixed the price band for the IPO as 16.35 Euro to 19 Euro per share. Rexel IPO refers to the Initial Public Offering of the world’s largest electrical equipment distributor company, Rexel.
This Initial Public Offering of Rexel was scheduled to come out in April, 2007. The company decided to fix the price band of their shares as 16.35 Euro to 19 Euro, for the IPO. In February, 2007, there was speculation in the market, that Rexel would raise approximately 2 billion Euro through their Initial Public Offering.
But, in April 2007, Rexel declared that the company would be able to raise capital worth 1.34 billion Euro in maximum, through the IPO. Rexel’s net income touched the mark of 264 million Euro in the year 2006. The company, which is actually a distributor of electrical equipments like cables, plugs and switches experienced significant rise in sales in USA and Europe, in the year 2006. Although, the company planned about the initial public offering in February, 2007, the company spokesperson declined to comment on the possibility of the IPO, in the month of February.
The company made public declaration about its’ Initial Public Offering in April,2007.
There were expectations that, the Initial Public Offering of Rexel could be the largest IPO in France since 2005.
In April 2007, Rexel said that it was aiming to raise near about 1.015 billion Euro considering that their shares would be able to attract a price level, at the midpoint of their declared price band. The company also informed that, the shareholders of Rexel could sell more shares, in case the option of potential extension and over allotment is considered by the company. It can be mentioned here, that the major shareholders of Rexel were Merrill Lynch and the French private equity firms Eurazeo, Clayton and Dubilier & Rice.
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Last Updated on : 30th July 2013