On the Occasion of May 4, 2017…

Yahsat to start trading on 14 July, expects €1.54 bn market cap

Yahsat offers 976 million shares for € 0.63 per share, the company said, representing 40% of the company’s share capital; it expects a market capitalization of € 1.54 billion upon listing, the company said. The offering was multiple times oversubscribed, Yahsat said, with “significant demand” from institutional investors, individuals and others in the United Arab Emirates (UAE).