Netherlands-based firm Sif Holding (AMS:SIFG) sold nearly 8.45 million shares in its initial public offering (IPO), after the partial exercise of the over-allotment option.
The company said today, the transaction coordinators have sold total of 447,010 over-allotment shares at the offering price of EUR 14 (USD 15.7) apiece. The total IPO proceeds thus reach EUR 118.26 million.
Sif manufactures customised tubular structures used as foundation components in offshore wind and offshore oil and gas projects, predominantly in the greater North Sea region. It supplied the 400-MW Dudgeon wind farm in UK waters, among other projects.
The company’s stock started trading on Euronext Amsterdam in mid May. The offering reduced GKSE Holding BV’s share in Sif to about 67%.