MILAN (Reuters) – Italy’s Leonardo on Friday filed for the initial public offering (IPO) of its DRS unit on the New York Stock Exchange, the aerospace and defence group said, adding it aimed to complete the listing by the end of March.
The state-controlled group will maintain the majority of DRS to keep exposure to the U.S. market, its Chief Executive Alessandro Profumo said in a statement.
Goldman Sachs & Co (NYSE:). LLC, BofA Securities, and J.P. Morgan will act as lead book-running managers and Barclays (LON:), Citigroup (NYSE:), Credit Suisse (SIX:), and Morgan Stanley (NYSE:) will act as book-running managers for the proposed offering. Mediobanca (OTC:) is acting as financial advisor for Leonardo.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Be the first to comment