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Fastned will not issue new shares on Friday

2019-06-20T15:33:38.350Z

Fast-loading company Fastned, which goes public on the stock exchange on Friday, does not issue new shares for the time being. Last week the IPO was postponed by a week because it also wanted to publish new items.



Fast-loading company Fastned, which goes public on the stock exchange on Friday, does not issue new shares for the time being. Last week the IPO was postponed by a week because it also wanted to publish new items.

Fastned blames the postponement of the new items on market conditions, "including the increased uncertainty regarding the stimulation of electric driving".

"The issue of new depositary receipts for shares has now been postponed, but the listing on Euronext has expanded the possibilities for financing," said CEO Michiel Langezaal.

The Amsterdam builder of fast charging stations Fastned was supposed to make its stock debut on 14 June. Fastned will make its debut on Euronext Amsterdam on Friday. The company is currently listed on the alternative stock exchange Nxchange.

With the share issue, Fastned wanted to raise a tight 30 million euros. That is a lot less than the 40 million the company would need each year, according to a confidential ING report about which the Financieele Dagblad reported earlier.

Fastned currently has more than a hundred fast-charging stations, distributed throughout the Netherlands, Germany and the United Kingdom.

Source: nunl

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