Cirsa to Debut on Stock Exchange on July 9 Following CNMV Approval

On Tuesday, the National Securities Market Commission (CNMV) approved the prospectus for Cirsa's public offering, which includes the company's debut on the stock exchange on July 9, as announced in a statement.

The prospectus details that Cirsa's offering comprises 26.67 million new shares, priced at 15 euros each, raising approximately 400 million euros for the company.

Additionally, 3.55 million existing shares are offered, valued at a total of 53 million euros, with an option to add another 4.53 million additional shares, valued at 68 million euros.

Therefore, the estimated gross value of the offering rises to 521 million euros, with the company receiving 375 million euros net.

This results in the company's market capitalization reaching 2.52 billion euros following the stock exchange debut.

The prospectus notes that, once the demand prospecting period (bookbuilding period) concludes, expected on July 7, 2025, the Company and the Managers will sign the underwriting and placement agreement related to the Offering.

It is anticipated that on July 9, alongside the commencement of share trading, the stabilization period and the exercise of overallotment options will begin, ending on August 8.

In any case, the company has indicated that the dates are tentative and subject to change, which will be published as privileged information or other relevant information communication with the CNMV.