Ebusco announced yesterday the indicative price range and publication of the prospectus IPO. The offering comprises a primary offering of such number of newly issued ordinary shares in the share capital of the company as will raise gross proceeds of approximately €300 million, Ebusco says. The IPO proceeds «will facilitate Ebusco’s international expansion and growth strategy to address the rapid electrification of transit bus fleets in its target markets». The decision of the Dutch company to go public was released in early October.

Listing of, and first trading in, the Shares on Euronext Amsterdam, under the symbol “EBUS” is expected on 22 October 2021.

Ebusco on Euronext Amsterdam

The indicative price range for the offering is set between €21.50 and €24.50 per Offer Share, implying a market capitalisation post-listing for Ebusco of €1.33 billion.

ING Participaties will participate in the Offering for the amount of €32.5 million. Also Teslin and Alychlo are investing in Ebusco. The offer period started yesterday, 18 October 2021, at 8.00 CET, and is expected to end at 14.00 CET on 21 October 2021, subject to acceleration or extension of the timetable for the Offering.

The final offer price and the exact number of Offer Shares to be sold and allocated are expected to be announced on 22 October 2021 (subject to the acceleration or extension of the timetable for the Offering). Prior to allocation, the Offer Price Range may be changed and the number of Offer Shares may be increased or decreased.

Ebusco intends to use the net proceeds from the Offering mainly to facilitate the execution of its international expansion and growth strategy through 2023. In addition, the Admission will further enhance Ebusco’s profile and brand recognition with, inter alia, investors, business partners, clients, and employees.

Listing on Euronext Amsterdam, readying Ebusco for the future

Peter Bijvelds, CEO of Ebusco: “We are pleased to announce the launch of our Offering. Listing on Euronext Amsterdam is an important milestone in readying Ebusco for the future. The proceeds will allow us to effectively implement our international expansion, and to seize the current momentum of the rapid electrification of the global transit bus fleets. Our growth story and the urge to transition to zero emission transportation resonate well with investors. The level of interest we have seen in the investment community is very encouraging. We look forward to the opportunities the listing will bring to Ebusco, enabling us to accelerate our growth and to contribute to a better living environment around the world.”


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