Ardagh Group (ARD) IPO Opens Up 16%

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Go back to Ardagh Group (ARD) IPO Opens Up 16%

Ardagh Group Announces Pricing of Initial Public Offering

March 14, 2017 5:31 PM EDT

NEW YORK, March 14, 2017 /PRNewswire/ -- Ardagh Group S.A. ("Ardagh" or "the Group") today announced the pricing of its initial public offering of 16,200,000 Class A common shares at a price of US$19.00 per share, for a total offering size of US$307,800,000. In addition, Ardagh has granted the underwriters a 30-day option to purchase up to an additional 2,430,000 Class A common shares at the initial public offering price less the underwriting discount.

The shares are expected to begin trading on the New York Stock... More