October 31, 2014 — Cnova N.V. (“Cnova”), one of the largest global eCommerce companies, announced today the launch of its initial public offering of 26,800,000 ordinary shares. The initial public offering price is expected to be between $12.50 and $14.00 per share, which would result in a total offering size between $335,000,000 and $375,200,000. All of the shares are being offered by Cnova. In addition, Cnova has granted the underwriters an option to purchase up to 4,020,000 additional ordinary shares to cover over-allotments, if any.
31-10-2014 PR Cnova launches Initial Public Offering
The offering is being made pursuant to a registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission (“SEC”). Cnova has applied to list its ordinary shares on the NASDAQ Global Select Market under the symbol “CNV”.
Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. are acting as joint book runners for the offering, and BNP Paribas Securities Corp., HSBC Securities (USA) Inc., Natixis Securities Americas LLC and SG Americas Securities LLC are acting as co-managers for the offering.
The offering will be made only by means of a prospectus filed with the SEC. This announcement does not constitute a prospectus and is not an offer to sell or a solicitation of any offer to buy any securities of Cnova nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
A registration statement (including a prospectus) relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time that the registration statement becomes effective. Before you invest, you should read the prospectus in that registration statement (File Number 333-196521) and the other documents that Cnova has filed with the SEC for more complete information about Cnova and this offering. You may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov or by contacting:
Morgan Stanley & Co. LLC
Attn.: Prospectus Dept.
180 Varick Street, 2nd Floor
New York, NY 10014
J.P. Morgan Securities LLC
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY, 11717
Attn.: Prospectus Dept.
No offer to buy these securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to notice of its acceptance given after the effective date.
Contact Presse:
Cnova N.V.
Direction de la communication : +33 6 80 39 50 71
directiondelacommunication@cnovagroup.com
Media contact:
Cnova N.V.
Head of Communication: +33 6 80 39 50 71
directiondelacommunication@cnovagroup.com