Lucas Bols IPO period opens today

Dutch spirits company Lucas Bols has set the price range for its Initial Public Offering (IPO) of shares, with plans to float on the Amsterdam stock exchange on 4 February.

Lucas Bols will float shares on the Amsterdam stock exchange on 4 February

The subscription period begins today and will run until 3 February, before shares are listed on Euronext stock exchange in Amsterdam under the symbol BOLS on 4 February.

Shares have been priced from €13.50 to €18, which puts the company at a post IPO equity value of approximately €187m (£143m) to €207m (£159m).

“We are pleased to announce the launch of our IPO today, another major step in the 440-year history of Lucas Bols,” said Huub van Doorne, CEO of Lucas Bols.

“The level of interest we have seen in the investment community is very encouraging.

“We are excited to meet prospective investors and share with them our plans to further accelerate the growth of our brands and lead the development in the global cocktail market.”

Including an offering by shareholders such as AAC Capital, Black Diamond Capital Management and a possible over-allotment of new shares, Lucas Bols is offering up to 9,437,390 ordinary shares, comprising up to 9,332,390 new shares, to raise €125m of primary gross proceeds.

A secondary offering of up to 105,000 existing ordinary shares will also be made available. These shares are currently owned by senior management since the company was bought from Rémy Cointreau in 2006.

Furthermore, up to 10% of the offering is being reserved for preferential allocation to retail investors in the Netherlands.

Lucas Bols announced its intention to float shares on the Amsterdam stock exchange earlier this month.