Antena Revives Spanish Floats

Financial News, November 9, 2003 | Go to article overview

Antena Revives Spanish Floats


Byline: Shanny Basar

Antena 3 de Television, the Spanish broadcaster, became the first company to list in Spain in more than a year and bankers believe its performance may lead to others coming back to the public markets.The last Spanish company to go public was Enagas, the distribution arm of utility Gas Natural, in June 2002, according to Dealogic, the investment banking research firm.

Credit Suisse First Boston (CSFB) managed the listing of Antena with Spanish banks Banco Bilbao Vizcaya Argentaria and La Caixa. Antena 3 shares had a reference price of [euro]25.20 and last week were trading 9% higher at [euro]27.50.

George Pavey, director in ECM at CSFB, said: "There are a number of attractive potential initial public offering candidates. The strong reception of Antena 3's initial public offering (IPO) in the market and positive performance may encourage other private companies in Spain to pursue an IPO."

He said the IPO market would be the final phase of a pick-up in ECM activity after the unwinding of non-strategic holdings, following the new focus by the Spanish regulator on shareholder agreements and convertible issuance.

Pedro Pasquin, managing director of Lazard in Spain, is more cautious. He said: "Antena 3 was a very specific situation but if the market continues to improve we may see some more IPOs.

However, many of the outstanding IPOs in the pipeline lack scale. The old potential IPOs are rather small and investors are looking for size."

Antena was spun off by its parent, Telefonica, the Spanish telecoms company that owned 34% of the broadcaster. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited article

Antena Revives Spanish Floats
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this article
  • Highlights & Notes
  • Citations
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.