The FINANCIAL -- Shares in Intertrust N.V., one of the leading global providers of high-value trust and corporate services, on October 15 started trading on Euronext’s Amsterdam market, after its successful Initial Public Offering (IPO) at an issue price of € 15.50 per share. In total the proceeds of the IPO are approximately € 486 million.
Intertrust provides high-end legal and financial administrative services to corporations, funds, financial institutions and private individuals in order to facilitate their foreign investment and acquisitions through the incorporation, maintenance and liquidation of corporate, investment, finance and fund entities. The company offers a comprehensive range of specialised administrative services that ensure sound financial administration of companies and that enable its clients to comply with the applicable legal, tax and regulatory regimes. Intertrust currently operates in 26 countries across Europe, the Americas, Asia and the Middle-East, according to Euronext.
Based on the first share price of € 15.50, the total market capitalization of the company was around € 1.3 billion.
David de Buck, Chief Executive Officer of Intertrust said: “We are delighted with our listing on Euronext Amsterdam this morning. Being a publicly listed company underscores our position as the market leader and employer of choice in our sector. We also welcome the brand recognition that the IPO will bring Intertrust among business partners, clients and investors globally.”
“We congratulate Intertrust on their successful IPO and are happy to welcome them,” said Maurice van Tilburg, CEO of Euronext Amsterdam. “This substantial IPO illustrates once again the role that capital markets play in financing the real economy. With the addition of another leading company this listing underlines the attractiveness and strength of our markets.”
“The listing on Euronext provides broad visibility and direct access to a deep and diverse pool of investors,”added David de Swaan, Head of Listing at Euronext Amsterdam. “We are committed to support Intertrust in achieving its goals and wish it all the best as it joins the dynamic family of international companies already listed on our markets.”
Intertrust celebrated its listing by having CEO David de Buck sound the gong which denotes the opening of trading on Euronext.