Papapolitis & Papapolitis advises on the launch of the Initial Public Offering and listing of Qualco Group’s shares on the Athens Exchange.
We are proud to have represented Qualco Group S.A. and the majority shareholder, Wokalon Finances Limited, in the initial public offering (IPO) and listing of all of Qualco Group’s shares on the regulated market of the Athens Stock Exchange Group.
The deal was structured as a combined offering of new and existing shares to the public in Greece and to institutional investors outside of Greece under Rule 144A and Regulation S.
The combined offering met unexpected high interest from investors, nearly five times more than the shares offered, with total bids surpassing €563 million. The IPO marks a major milestone for the Greek and European fintech market.
Our team was led by Elena Papachristou, Partner and Co-Head of Capital Markets & Financial Services Regulation, Maria-Roxani Karydi, Erna Kritikou, Alexis Kontogiannis and Despoina Charakopoulou.
We extend our congratulations to Qualco Group S.A. as well as to Lazard who acted as Financial Advisor, to UBS Europe SE, Piraeus Bank S.A. (acting as listing advisor) and Euroxx Securities S.A. who acted, as Joint Global Coordinators, Alpha Bank S.A., Eurobank S.A., National Bank of Greece S.A., and Optima Bank S.A. who acted as Lead Underwriters and Joint Bookrunners, Attica Bank S.A. and Pantelakis Securities S.A. who acted as Underwriters and Joint Bookrunners as well as to all the advisors.