Sole financial advisor to Abertis Infraestructuras on the IPO of its subsidiary Cellnex Telecom, independent operator of wireless telecommunications and broadcasting infrastructure. The IPO consisted on the sale of 66% of the shares owned by Abertis Infraestructuras, while maintaining 34% of the share capital.
The attractiveness of the company in a sector with a high growth potential and strong cash generation encouraged to set an initial price at the high end of the range (€14/share). After the first of trading, Cellnex Telecom share price rose 10%