Wizz Air launches IPO

Wizz Air has priced its £257 million initial public offering (IPO) of 23,360,008 Ordinary Shares at 1150p per ordinary share. Wizz Air will receive approximately £103 million (€140 million) net proceeds from the Global Offer. Based on the Offer Price, the listed market capitalisation Wizz Air at Admission will be £601 million (€818 million), based on Ordinary Shares only. Based on the Offer Price, the fully diluted equity value of the Company at Admission will be £1,456 million (€1,983 million) (based on the fully diluted share capital). The size of the offering was £257 million net of expenses (€350 million).