Go to deals
Financial Services

GE Capital placed a 57.5% stake in GE Money Bank via IPO on the Prague Stock Exchange

GE Capital has sold 57.5% of GE Money Bank via an institutional-only IPO on the Prague Stock Exchange, in a 100% secondary offering. Demand was led by a mix of international accounts and local names, with almost 65% of demand from the UK and USA investors, 17% generated by CEE-based accounts (notably strong participation of Czech and Polish investors) and another 14% from Western Europe. The offer price was set at CZK 68 (US$2.7) per share. The whole deal was significantly oversubscribed.

GE Capital, based in Wilmington, Delaware, is a subsidiary of General Electric (GE) and was a 100% shareholder of the company prior to the IPO. Following the IPO, GE Capital sold the remainder of its shareholding in Moneta Money Bank in line with GE’s strategy of exiting financial services.

Oaklins' team in the Czech Republic acted as a joint lead manager and listing agent for the offering.

Service
Funding, debt advisory & ECM
Parties

Talk to the deal team

 David  Tajzich

David Tajzich

Managing Director

Prague, Czech Republic
Oaklins WOOD & Co.
 Ondřej  Berka

Ondřej Berka

Director

Prague, Czech Republic
Oaklins WOOD & Co.
 Oliver  Polyák

Oliver Polyák

Associate Director

Prague, Czech Republic
Oaklins WOOD & Co.

Related deals

Laptaria cu Caimac has completed an IPO
Food & Beverage

Laptaria cu Caimac has completed an IPO

Laptaria cu Caimac has raised US$5 million through a private placement of shares on the ATS Market of BSE. The funds will be used for the development of the factory, namely, the construction of a bottle and jar washing station, utility systems and packaging storage.

Learn more
Nutricare has raised 3.1 million via an entitlement offer
Consumer & Retail | Healthcare

Nutricare has raised 3.1 million via an entitlement offer

Nutricare Pty Ltd has raised funds to support its growth strategy.

Learn more
Alexandria Pankkiiriliike Oyj has raised US$9.7m in the course of its IPO on NASDAQ First North Finland
Financial Services

Alexandria Pankkiiriliike Oyj has raised US$9.7m in the course of its IPO on NASDAQ First North Finland

Alexandria Pankkiiriliike Oyj (Alexandria) has raised US$9.7 million in the course of its IPO.

Learn more