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Wireless

Telefonica Germany listing already oversubscribed – report

Sunday 21 October 2012 | 15:58 CET | News
Telefonica has received orders for all the shares it is offering in its German unit in a EUR 1.5 billion stock market listing, three days into the marketing process, Reuters reports, citing five unnamed people close to the transaction said. Two of the people said the Telefonica Germany listing was already oversubscribed, including a greenshoe, or overallotment, option. One of the sources said he was "extremely relaxed about the IPO given the high investor demand".

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Categories: Mobile & Wireless
Companies: Telefonica Germany
Countries: Germany
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