Corporate ActionJun 22, 2026, 05:32 PM
DPC Holdings to Offer 23.3M Shares in IPO; Price Range $28-$32
AI Summary
DPC Holdings Limited filed an S-1/A registration statement for its initial public offering, proposing to offer 23,333,333 ordinary shares at an anticipated price range of $28.00 to $32.00 per share. The company expects to list its shares on the NYSE under the symbol "DPC". Concurrently, existing shareholders will purchase approximately $66 million in shares, and the Qatar Investment Authority (QIA) will purchase approximately $75 million in shares through private placements. Prior to the offering, DPC Holdings Limited will change its name to DPC Holdings PLC and completed a 4-for-1 reverse share split on June 5, 2026.
Key Highlights
- DPC Holdings Limited is offering 23,333,333 ordinary shares in its initial public offering.
- The anticipated initial public offering price range is $28.00 to $32.00 per share.
- The shares are approved for listing on the New York Stock Exchange (NYSE) under the symbol "DPC".
- Existing shareholders agreed to purchase approximately $66 million in a concurrent private placement.
- Qatar Investment Authority (QIA) agreed to purchase approximately $75 million in a separate private placement.
- Underwriters have an option to purchase up to 3,499,999 additional ordinary shares.
- The company plans to change its name to DPC Holdings PLC prior to the offering.
- A 4-for-1 reverse share split became effective on June 5, 2026.
Price Impact
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