Euro bourse prepares to go public...
By Tony Hallett, 6 July 2001 09:00
NEWS Euronext, formed by the merger of the Amsterdam, Brussels and Paris stock exchanges, yesterday set its floatation price in a move which sees it raise E400m (£238m). Pricing itself at the bottom of a E24 to E27 (£14 to $16) price range, the IPO means the company will be valued at E2.8bn (£1.7bn)when trading starts today, on its own exchange. It is now likely to court other European exchanges, with funds available for acquisitions, if necessary.
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