Ekopak opens books for €55m Brussels float
Belgian water treatment business Ekopak has set a range of €14–€16.75 per share for its up to €55m Euronext Brussels IPO. Books opened on Thursday and wrap up on Tuesday with trading the following day. Ekopak is raising €50m, with provision for up to €5m of secondary selling by CEO Pieter Loose, structured as a 10% upsize of the primary portion. There is also a 15% primary greenshoe. The market capitalisation is €230m at top-of-the-range pricing, pushing up to €239m on full exercise of the greenshoe. The free-float is around 24%–30% depending...