Weber & Co. and Skadden, Arps, Slate, Meagher & Flom have advised joint global coordinators Citigroup Global Markets Limited and Goldman Sachs International and book-runners Erste Group Bank AG, Keefe, Bruyette & Woods, and Raiffeisen Centrobank AG on Addiko Bank's IPO on the Vienna Stock Exchange. Freshfields Bruckhaus Deringer reportedly advised Addiko Bank.
The shares were listed on the Official Market of the Vienna Stock Exchange on July 12, 2019, and included in the ATX prime index on July 15, 2019.
According to Weber & Co. in the course of its IPO, 10.7 million Addiko Bank shares of existing shareholders were placed with institutional investors for an offer of EUR 16.00 per share. On the first day of trading, the Addiko Bank market capitalization amounted to approximately EUR 345 million, with a free float is approximately 55%.
Addiko Group is a banking group that focuses on consumers and small and medium-sized enterprises in Central and Southeastern Europe. The Group consists of Addiko Bank, the fully-licensed Austrian parent bank that is registered in Vienna and listed on the Vienna Stock Exchange and regulated by the Austrian Financial Markets Authority, as well as six subsidiary banks that are registered, licensed, and operating in Croatia, Slovenia, Bosnia & Herzegovina (two banks), Serbia, and Montenegro.
The Weber & Co. team consisted of Partners Stefan Weber and Christoph Moser and Associates Angelika Fischer, Sonja Karpf, and Yvonne Gutsohn.
The Skadden, Arps, Slate, Meagher & Flom team was led by Partner Stephan Hutter.