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TSK Launches Madrid IPO With €4.45–€5.05 Price Range for May 13 Debut

The share sale will fund an expansion push by strengthening the balance sheet.

Overview

  • The CNMV-approved prospectus sets a €4.45–€5.05 price range for a Madrid listing, with Santander and CaixaBank as global coordinators.
  • The offering will sell about 36 million newly issued shares to raise roughly €150 million and create a free float near 27%.
  • TSK builds energy-transition and digital infrastructure projects, reports over €1 billion in annual revenue with strong North American exposure, and employs about 1,500 people.
  • The founding family will retain a 61.6% stake after the sale, and the company plans to use the proceeds to strengthen equity and speed organic growth.
  • The company says investors have already committed to about 40% of the placement, naming Amundi, Amundsen, DNB Asset Management, Global Income SIC and Janus Henderson as interested parties.