Marinakis media group's IPO oversubscribed
- Written by E.Tsiliopoulos
Strong demand from both retail and institutional investors resulted in the public offering being oversubscribed 12 times, raising a total of €700 million. Based on market data, it has been the most successful IPO of at least the last two decades in the Athens Stock Exchange.Everything points to the offer price being set at the upper end of the range, i.e. EUR 4,00 per share.It is estimated that approximately 10,000 retail investors participated in the Public Offering, a record number for an IPO in the Greek capital market.
Alter Ego Media is the major media Group and the biggest content creator in Greece. The Group’s portfolio includes MEGA, the #1 FTA TV channel in the country as well as the most historical and influential news media outlets TO VIMA, TA NEA, the financial publication OIKONOMIKOS TACHYDROMOS (ot.gr) and IN.GR, the first Greek portal ever launched in Greece. The Group also owns the popular radio station My Radio, the production company Alter Ego Studios and the content company MORE MEDIA that publishes a number of titles (Vimagazino, Vita, Elliniki Kouzina, Sixty, Diakopes).Driven by its passionate commitment to independence, pluralism and to providing both responsible reporting and high-quality entertainment, AEM keeps investing in new technologies as transforms itself into a Media Tech Group.
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