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Sellers of shares in Neoen, the French renewable energy producer, are set to close books on the largest French IPO of 2018 on Tuesday, bringing cheer to the market after a series of pulled deals.
JP Morgan and Natixis are global coordinators on the Paris IPO, Barclays and Société Générale bookrunners.
The price will be €16.50 a share, just above the bottom of the initial range of €16 to €19.
“It’s all set at €16.50 a share, with books closing in two hours,” said a banker on the deal on Tuesday morning. “We are very pleased with it and it’s a good outcome, given the tape of the last few days. We are very happy with the book as well.”
Neoen will...