Global law firm Clifford Chance has acted as issuer's counsel to the Greek defence company Theon International Plc (the "Company") on its initial public offering (IPO) and listing on the regulated market of Euronext Amsterdam, marking the first such listing in Amsterdam this year. The IPO raised €154 million (assuming full exercise of the greenshoe option) from the offering of about a fifth of the Company's shares resulting in an implied market capitalisation for the Company of €700 million.
This landmark IPO marks the first Cypriot holding company to be admitted to trading on the regulated market of Euronext Amsterdam and having its shares traded and settled electronically through Euroclear Nederland. The inaugural approval by Euronext Amsterdam and Euroclear Nederland was achieved by leveraging the European capabilities of Clifford Chance.
